🏰 Airbnb’s king-size quarter

…and Tiger Woods’ new business tees up A-list investors [Disclosures](   Sea suite (Chesnot/Getty Images)   Yesterday’s Market Moves   Dow Jones 32,147 (-1.55%) S&P 500 3,760 (-2.50%) Nasdaq 10,525 (-3.36%) Bitcoin $20,121 (-1.76%) Dow Jones 32,147 (-1.55%) S&P 500 3,760 (-2.50%) Nasdaq 10,525 (-3.36%) Bitcoin $20,121 (-1.76%) Hey Snackers, Our sun is so… cute. NASA shared an ultraviolet [photo]( of our solar system's smiling star that looks straight out of Teletubbies. Cue the [intro](. US indexes fell sharply yesterday after the Fed announced its fourth straight rate hike of 75 basis points (as expected). J. Powell’s comments suggested that a pause isn’t in the cards anytime soon. Yurt Comeback kid Airbnb has its best quarter ever as IRL experiences become a rare commodity Weekend in the treehouse yurt… [Airbnb]( has doubled down on quirky lodging like tiny homes, desert RVs, and castles. That focus on “experiential” stays appears to be paying off: the rental platform posted its [best]( quarter ever as travel demand stays hot. - Record revenue and profit: Sales spiked thanks to a record 90M guest arrivals and 100M “nights and experiences” booked. Earnings surged 46% from last year to $1.2B. - Yet: Airbnb shares have fallen 13% since it reported Tuesday, after it issued slightly lower-than-expected guidance for this holiday quarter. Zooming in from a Portuguese windmill… If there’s WiFi, how would they know? These latest numbers show that Airbnb continues to be one of the best pandemic comeback stories. Airbnb’s biz was crushed when the pandemic hit, but it quickly embraced the WFH life and revamped its platform to complement changing travel trends. It’s using the new norm of flexible work to its advantage: - CEO Brian Chesky said that despite return-to-office requirements, 20% of Airbnb’s total nights booked remain long-term stays (think: a month or longer). - Wow-worthy stays: Last month, Airbnb made a $10M [investment]( to build 100 absurd accommodations, from a floating avocado abode to a giant cheese wedge. THE TAKEAWAY Real-life experiences are rarer than ever… In a society where socializing means chatting online and shopping means browsing the web, IRL experiences have newfound value. Chesky said: “Because the mall is now [Amazon]( the movie theater is now [Netflix]( people still want to get out of the house.” While consumers are cutting back in some areas, they’re still splurging on experiences. Yesterday, Kayak owner [Booking]( reported that quarterly profit more than doubled from last year as travel bookings surged. Airbnb rival [Vacasa]( is set to report next week. Swing From Serena Williams to Steph Curry, stars are backing Tiger Woods' venture to techify sports entertainment 8 MVPs, 1 pop star… Tiger Woods’ latest venture has a [stacked]( roster of A-list investors. In August, Woods and fellow pro golfer Rory McIlroy launched TMRW Sports, a biz aimed at techifying sports entertainment. Yesterday we learned that Steph Curry, Serena Williams, F1 champ Lewis Hamilton, and Justin Timberlake are among TMRW’s newest backers. One of TMRW's first ventures is a new golf league — and it’s teeing up big buzz. - [Topgolf]( for the pros: Starting in 2024, six teams of three PGA players will compete in 18-hole matches at a custom tech-infused arena ([think]( a stadium-size golf simulator). - FYI: Last year golf-related sales boomed thanks to the sport’s socially distant popularity, with brands like Callaway and Titleist notching record earnings. Not your dad’s golf channel… Golf is gaining entertainment value as big players drive innovation. TMRW’s launch comes as the new Saudi-backed LIV Golf tour [lures]( PGA players and fans with bigger prizes, looser schedules, and flashy festival-style tournaments. Meanwhile, Callaway-owned Topgolf's party-style atmosphere and accessible simulator tech have lured Zillennials (over half of its visitors have never played golf before). THE TAKEAWAY Big players can change the game… because often they are the game. Tiger and his celeb-vestors want to use features like real-time stats and indoor arenas to attract younger fans and families to the old sport. Down the road, TMRW wants to expand into sports beyond golf. Meanwhile, soccer superstar Lionel Messi recently launched his own firm to invest in sports, media, and tech. What else we're Snackin' - [Swipe]( Tinder and Hinge owner [Match]( beat earnings expectations as more users paid for perks like extra matches. [Bumble]( which reports next week, could signal if the search for love is inflation-proof. - [Adflix]( [Netflix]( plans to launch its ad-supported tier today, but questions remain. The streamer's still talking to content kings like [Disney]( and [Comcast]( about whether it can run ads against their shows. - [KenTaco]( [Yum Brands]( beat sales expectations as consumers hit up its Taco Bell, KFC, and Pizza Hut locations. Execs said premium menu items were popular, suggesting inflation hasn't spoiled appetites. - [Heat]( The Biden admin plans to offer lower- and mid-income Americans $13B+ in aid to reduce their energy bills this winter (picture: green upgrades, $$ for heating). Up to 1.6M homes could benefit. - [CV$]( [CVS]( unboxed stronger-than-expected earnings and hiked its annual forecast. Pharmacy and retail sales were up as customers loaded up on face wash, prescription pills, and Covid tests. 🍪 Thanks for Snacking with us! Want to share the Snacks? Invite your friends to sign up [here](. Snack Fact Of the Day Google searches for realistic excuses to skip work hit 2M this year, up from 300K in 2018 [Read more]( Thursday - Jobless claims - Earnings expected from ConocoPhillips, Amgen, Starbucks, PayPal, Cigna, Regeneron, Moderna, Monster Beverage, Warner Bros Discovery, Block, Barrick Gold, Kellogg, and Live Nation Authors of this Snacks own: shares of CVS, Disney, Match, Moderna, Starbucks, Block, Amazon, Netflix, Google, and Yum Brands ID: 2572826 Robinhood Snacks newsletters reflect the opinions of only the authors who are associated persons of Robinhood Financial LLC (Member [SIPC]( and do not reflect the views of Robinhood Markets, Inc. or any of its subsidiaries or affiliates. They are for informational purposes only, and are not a recommendation of an investment strategy or to buy or sell any security, digital asset (cryptocurrency, etc) in any account. 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