Airbnb reported that "Revenue grew 18% year-over-year to $2.7 billion". For the Quarter, "net income was $160 million" and "adjusted EBITDA was $519 million". Management also highlighted their capital-light business model, "delivering $1.7 billion of free cash flow in Q1".Key business updates included the broader expansion of "Reserve Now, Pay Later" to most of the rest of the world.

Management also mentioned scaling their "boutique and independent hotel pilot" and announced an expanded "rev share program" partnership with Delta Airlines.

Furthermore, Airbnb is leveraging technology, with management stating that "Nearly 60% of the code our engineers produce is now written by AI" and "over 40% of issues are now resolved without a human agent".Looking ahead, for the second quarter of 2026, Airbnb expects to "generate revenue of $3.54 billion to $3.6 billion". For the full year 2026, the company expects "year-over-year revenue growth to accelerate to low to mid-teens" and anticipates "adjusted EBITDA margin to be at least 35%". Regarding the World Cup, the company noted it has "attracted an incremental 100,000 listings across those markets in advance of these games".

In Q1 2026, Axon Enterprise, Inc. reported revenue of $807 million for the quarter, up 34% year-over-year.

Software and services increased 35% year-over-year to $355 million, while Connected Devices revenue grew 33% to $453 million.

The company delivered a 25% adjusted EBITDA margin in Q1. Management raised revenue guidance for the year to a range of 30% to 32% growth, while maintaining expectations to deliver 25.5% adjusted EBITDA margins for the year.

They also expect to deliver approximately $450 million of free cash flow for the full year 2026.

Management emphasized accelerating product adoption, noting that Q1 was their strongest ever first quarter across revenue, bookings, and new products. AI product revenue grew more than 700% year-over-year, and AI bookings were up 140% versus Q1 last year.

International revenue was up over 100% year-over-year, representing 20% of revenue for the quarter.

Future contracted bookings reached $14.3 billion, up 44% year-over-year.

The company also sponsored a significant investment in core product inventory to maximize growth and impact, noting minimal obsolescence risk with TASER CEW life cycles of 10 to 15 years.

Executives highlighted the rapid scaling of the Dedrone counter drone business, with bookings up 500% year-over-year and Dedrone revenue up over 300% year-over-year across hardware and software. On the enterprise front, Axon closed a $40 million opportunity with one of the largest telecom providers in the world, centering around the Fusus platform.

The company also discussed the upcoming launch of Axon Vision directly into the enterprise market, and highlighted the integration of recent acquisitions including Fusus, Dedrone, Carbine, and Prepared into the broader Axon ecosystem.

In the first quarter of 2026, CFO Jong-seok Park stated that "Consolidated revenue posted KRW 4.39 trillion, up 1.5% Q-on-Q". The company also reported that "We posted KRW 537.6 billion in consolidated operating income" for the quarter.

Management announced the resumption of dividend payments, noting that "Dividend per share for the first quarter is KRW 831 (sic) [ 830 ]". During the Q&A, an analyst noted that AI data center revenue in the first quarter increased by 89% year-over-year.

Regarding business updates, the Mobile Network Operator division "achieved a handset subscriber net add of approximately 210,000 in the first quarter". To improve customer value, the company is "restructuring the membership program" and "overhauling price plans to offer more choices to customers". The AI business is showing the effects of a "strategy of focus and prioritization". AI data center growth is being driven by the "Pangyo Data Center and higher utilization of Gasan Data Center," and the "construction of Ulsan AI Data Center is underway".For forward guidance, management stated the goal is to "improve the full year earnings further from the current levels". To increase profitability, SK Telecom is focusing on "securing high-LTV subscribers". The company plans to "actively pursue partnerships with global players" to expand the AI infrastructure business.

Furthermore, SK Telecom is participating in research and standardization for AI-RAN technology alongside global players and manufacturers such as "Samsung, DOCOMO and NVIDIA".

Datadog reported its first quarter 2026 financial results, achieving revenue of $1.01 billion for the quarter, an increase of 32% year-over-year.

The company generated free cash flow of $289 million for the quarter with a free cash flow margin of 29%.

First quarter gross profit was $807 million with a gross margin of 80.2%, and first quarter operating income was $223 million for a 22% operating margin.

Management noted that the 6% quarter-over-quarter revenue growth is the highest for a first quarter since 2022.

Chief Executive Officer Olivier Pomel explained the company is framing its artificial intelligence efforts in two buckets: "AI for Datadog and Datadog for AI". The company highlighted broad-based acceleration of revenue growth across both AI and non-AI customer cohorts.

Furthermore, Datadog's platform strategy continues to gain traction, with management stating that 56% of customers now use 4 or more products, and 20% of customers use 8 or more products.

The company also announced it received FedRAMP High certification from the U.S. federal government and plans to launch its next data center in the U.K..During the quarter, Datadog launched its MCP server for general availability, shipped Bits Assistant in preview, and delivered the Bits AI Security Agent, which management claims reduces investigations that could take hours to as little as 30 seconds. To support the growing AI landscape, the company also launched GPU monitoring to help teams understand GPU fleet utilization, workload efficiency, thermal and power behavior and interconnect performance.

The company highlighted landing 7-figure and 8-figure annualized deals with the AI research divisions of two of the world's largest technology companies, helping them optimize their hyperscale AI training workloads using GPU monitoring.

For the second quarter of 2026, Datadog expects revenues to be in the range of $1.07 billion to $1.08 billion, which represents a 29% to 31% year-over-year growth.

Second quarter non-GAAP operating income is expected to be in the range of $225 million to $235 million.

For the full fiscal year 2026, the company expects revenues to be in the range of $4.3 billion to $4.34 billion, with non-GAAP operating income expected to be in the range of $940 million to $980 million.

Chief Financial Officer David Obstler noted that they "are applying a higher degree of conservatism to our largest customer" in their guidance philosophy.

BeOne Medicines AG reported first quarter 2026 product revenue of $1.5 billion. BRUKINSA global revenues totaled $1.1 billion for the quarter.

Gross margin for the first quarter improved to 89%.

The company reported first quarter GAAP net income of $227 million with GAAP diluted earnings per ADS of $1.96.

Non-GAAP net income was $375 million for the first quarter, which translates to diluted non-GAAP earnings per ADS of $3.24.

The company also generated free cash flow of $161 million in the first quarter.

Management highlighted BRUKINSA as the foundational BTK inhibitor with continued global leadership.

The company also emphasized its next-generation BCL-2 inhibitor, Sonro, which received early market reception following approval in China, and its first-in-class BTK CDAC, which shows complete BTK degradation. BeOne is advancing its solid tumor pipeline towards registration, acquiring an exclusive option to license a novel PD-1 VGF CTLA4 trispecific, BON 110.

The company highlighted that their pipeline is entering a critical phase of execution with foundational strength in hematology and a clear inflection point in solid tumors.

For full year 2026 guidance, BeOne Medicines projects revenue to be between $6.3 billion and $6.5 billion. GAAP gross margin is expected to remain in the high 80% range. GAAP operating expenses are anticipated to be between $4.7 billion and $4.9 billion. GAAP operating income estimates are updated to be between $750 million and $850 million.

The company expects a potential accelerated approval submission in the U.S. for its BTK CDAC in the second half of the year.

Angi Inc. reported that for the first quarter, "EBITDA came in at about 23million,"whichwasabovetheir"10 million to $15 million" guidance range.

The company noted this was partly due to capitalizing "about EUR 2 million more of engineering labor" than initially anticipated.

Management stated they are targeting a "cash flow cushion" in the "range of $50 million a year."The company announced a major strategic pivot, deciding to "stop trying to invest and improve our revenue on our old platform" and instead move "from our legacy platform to a new AI native technology platform." Central to this transition is the development of the "Angi Pro Chief Revenue Officer" and the use of "agentic coding" to build "AI agents" to improve the customer experience.

Management made a "clear decision not to give guidance" going forward to focus resources on this transformation.

The company highlighted its ongoing integration with generative AI, noting that "50% of our homeowners now touching our AI helper in their path." Executives confirmed they have "launched our app successfully on ChatGPT" and are "going to launch on Amazon soon."On capital allocation, the company noted it "bought about $100 million worth of bonds," representing about "20% of the debt outstanding." Executives confirmed they are capped on share repurchases until "April 2027" and are not looking to use balance sheet cash to buy "brand-new things" outside of their core strategy.

For the first quarter of 2026, Coupang reported total net revenues of $8.5 billion for the quarter, representing growth of 8 percent on both a reported and constant currency basis.

Consolidated gross profit was $2.3 billion with a 27 percent margin.

The company reported an operating loss for the quarter of $242 million and a net loss attributable to Coupang stockholders of $266 million, resulting in a diluted loss per share of $0.15.

Consolidated adjusted EBITDA was $29 million.

Trailing 12-month free cash flow was $301 million.

Management focused on the ongoing recovery from a recent data incident.

The company noted that the vast majority of WOW members never left, and Coupang has closed nearly 80 percent of the decline in WOW memberships that followed the incident.

The $1.2 billion voucher program issued in response to the incident, as well as temporary inefficiencies in the network, pressured profitability this quarter.

Regarding its Developing Offerings, Coupang highlighted its continuing investments in Taiwan, where its own last-mile delivery network now covers the vast majority of volume and offers next-day delivery to most consumers.

The company also repurchased $391 million of stock during the quarter, and the Board of Directors approved an additional $1 billion to be added to a stock repurchase program.

For the second quarter of 2026, Coupang anticipates consolidated constant currency revenue growth of 9 percent to 10 percent.

The company also expects a consolidated adjusted EBITDA margin year-over-year contraction of approximately 300 to 400 basis points for the second quarter.

For the full year, Developing Offerings segment adjusted EBITDA losses are expected to be between $950 million and $1 billion.

Management expects annual margin expansion to resume next year.

Expedia Group, Inc. reported first quarter 2026 results with "Revenue increased 15% to $3.4 billion" for the quarter and "Gross bookings were 35.5 billion" for the quarter. CFO Scott Schenkel stated the company delivered "adjusted EBITDA of $542 million" for the quarter and an "Adjusted EPS of $1.96" for the quarter.

For the trailing 12-month period, "free cash flow was $4.1 billion". Management noted "Consumer gross bookings of 24.8 billion" for the quarter and "B2B gross bookings grew 22% to $10.7 billion" for the quarter.CEO Ariane Gorin highlighted key strategic priorities, stating "We're using it to enhance the experience for our partners and the travelers that come to us direct and to acquire new traffic and market more effectively". Gorin shared that "Our 2 most widely adopted features are our servicing agent and AI-powered filters". The company also noted that "For the first time, vacation rentals on Expedia reached an annualized run rate of $1 billion". Regarding partnerships, Gorin shared, "We announced an exclusive partnership with Bank of Montreal AIR MILES, and just last week, became the exclusive hotel partner for Uber".Looking to guidance, management shared that "For the second quarter, we expect gross bookings growth of 7% to 9% and revenue growth of 9% to 11%". For the full year 2026, the company reiterated "expectations for gross bookings growth of 6% to 8% and revenue growth of 6% to 9%" and to "expect full year expansion of 100 to 125 basis points" for EBITDA margins.

Schenkel noted the quarter experienced some volatility, stating the company "faced headwinds from travel advisories in Mexico, while in B2B, the conflict in the Middle East meaningfully impacted outbound travel".

During the Q1 2026 earnings call, CFO Gilian Munson reported that Duolingo "delivered adjusted EBITDA of $83 million, which is about 29% of our revenue" for the quarter.

The company entered the second quarter with "over $1 billion in cash, no debt" and expects to "generate over $350 million in free cash flow this year". Munson also noted that under their buyback authorization, "repurchases to date are 514,000 shares or about 1% of our fully diluted shares outstanding".CEO Luis von Ahn highlighted the company strategic focus to prioritize teaching better, noting that "DAUs grew 21% year-over-year" for the quarter.

The company introduced spoken tokens, started rolling out speaking adventures, and launched Flash Cards to help learners build fast recall.

Duolingo also reached a major content milestone by offering courses up to professional proficiency across all 9 of their most learned languages, and "published 20,500 course units" in the first quarter.

Management outlined efforts to find monetization tactics that are not at odds with daily active user growth, including experimenting with one-month and three-month free trials. In terms of international expansion, Asia remains the fastest-growing region, and the company highlighted successful brand partnerships, including an upcoming partnership with McDonald's in China.

For the full year 2026, management provided point estimates of "bookings growth of roughly 10.5% and revenue growth of roughly 16.1% and an adjusted EBITDA margin of 25.7%". For the second quarter, guidance includes "expected Q2 bookings growth of about 6%", "about 17% growth in Q2 for revenue", an "approximately 71%" gross margin in Q2, and an "adjusted EBITDA margin in Q2 should be roughly 24%".

During the call, executives did not provide a specific revenue figure for the quarter, but Chief Financial Officer Ravi Inukonda stated the company's expectation is to "produce roughly about $200 million of EBITDA" for the full year.

Inukonda also maintained forward guidance that the "overall 2026 EBITDA margin is going to be higher slightly compared to '25". Regarding costs, the financial impact from extending the Gas Rewards program in the first quarter "was about $50 million" and the projected impact for the second quarter "is also going to be about $50 million". Near-term operating expenses are expected to "roughly be in the 2% range".Management highlighted several key strategic updates, primarily a focus on integrating AI to create "agentic ordering experiences" that lower friction for customer discovery.

Chief Executive Officer Tony Xu noted significant internal productivity gains from AI, stating that "closer to 2/3 of our code is written by AI today". Additionally, the company confirmed it is investing "several hundred million dollars back into the platform" to build a unified "global tech infrastructure stack" across DoorDash, Volt, and Deliveroo.

This replatforming is currently processing live production traffic and is already porting logistics advances across global markets.

Significant product and vertical initiatives include the expansion of grocery delivery, an area where the company became "the share leaders by volume" last winter.

Management is actively developing "Dash mark fulfillment services" to build customized inventory management and fulfillment setups with grocery and retail partners.

The company is also advancing its "autonomous delivery platform," which has launched in a couple of markets to improve speed and delivery range.

Finally, on the corporate and partnership fronts, analysts discussed DoorDash's expanded partnership with Lyft, while management highlighted that its suite of corporate solutions, "DoorDash for business," is off to a great start scaling catering and meal manager tools.