Airbnb reported Q2 FY2026 revenue of $3.6 billion, a 17% year-over-year increase, exceeding market expectations by $100 million. Management projects full-year revenue of $14.1 billion and net profit of $3.2 billion. Shopify reported Q3 FY2026 revenue of $3.58 billion, a 34% year-over-year increase. Management expects revenue growth of over 30% for the current fiscal year. Analysis suggests that, based on revenue and future earnings expectations, Airbnb's valuation is more conservative.