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SrdjanPav Airbnb is widely free cash flow-profitable and the travel company is facing a powerful catalyst from the upcoming travel season. As summer travel starts, Airbnb is likely going to experience a seasonal surge in bookings, which could drive the firm's adjusted EBITDA and free cash flow to new records. While shares of Airbnb are not cheap with a forward price-to-revenue ratio of 7.4X, I believe Airbnb's high free cash flow margins translate into a risk profile that continues to be skewed to the upside!