MemGPT/example-sec-filings · Datasets at Hugging Face

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These continued technology investments aim to ensure we have a robust
platform that allows us to more quickly adapt to the needs of our Hosts
and guests around the world and increase the productivity of our product
development organization.

Our Marketing

Our marketing strategy includes brand marketing, communications, and
performance marketing. Brand marketing increases awareness among
potential Hosts and guests, helping them understand the benefits of
hosting and booking stays and experiences, and what makes these stays
and experiences distinctly Airbnb. Our global communications team works
across press, policy, and influencers to share timely and important news
about Airbnb. They also oversee the execution of a global consumer,
product, corporate, and policy-communications plan that supports our
brand strategy and generates considerable press and social media
coverage. While performance marketing drives additional traffic from
high-intent prospective guests, the strength of the Airbnb brand and our
communications strategy allows us to be less reliant on performance
marketing.

Human Capital

We consider the management of our global talent to be essential to the
ongoing success of our business. As of December 1, 2022, we had 6,811
employees.

4

As of December 1, 2022, we relied on a global network of approximately
11,000 third-party contingent workers to handle the vast majority of our
community support contacts. Our internal community support employees are
comprised of operations teams who handle complex and sensitive issues,
and enablement teams who support all community-facing teams, including
our partners.

Attracting, recruiting, developing, and retaining diverse talent enables
us to provide our Hosts and guests with innovative products and services
as well as serve our other stakeholders. As of December 1, 2022, 49% of
our global employees identify in the gender binary as women and 16% of
our U.S.-based employees identify as under-represented minorities.
Through our hiring process, we commit to encouraging diversity and
eliminating bias, and we publish the changing demographic makeup of our
workforce to hold ourselves accountable. We are also focused on
supporting our employees across the full employee lifecycle from
recruitment to onboarding to ongoing development.

Given the productivity of our workforce throughout the COVID-19
pandemic, in April 2022, we announced our Live and Work Anywhere policy.
This policy allows for the vast majority of our employees to work
remotely on a permanent basis. We believe that expanding our talent pool
beyond the commuting radius near our offices will allow us to attract
the best and most diverse employees over time. We aim to create a highly
coordinated working culture, and as such, will continue to promote ways
to keep employees highly engaged and connected by aligning
employees'work through our roadmap, as well as curating employee
collaboration sessions either in the office or at off-site locations.

Climate Change

In 2021, we announced our commitment to operating as a Net Zero company
for our global corporate operations by 2030. To meet our goal, we have
committed to a number of steps, including reducing greenhouse gas
emissions associated with our corporate operations, and investing in
quality nature-based solutions to offset residual emissions. This
commitment is the latest step we are taking to help address the climate
crisis. In 2020 and 2021, we achieved 100 percent renewable energy in
our global offices, fulfilling a commitment we made in 2020, by
purchasing energy attribute certificates sufficient to match our global
electricity use for our corporate operations for those years.
Additionally, in early 2021, we became a founding participant in the
Lowering Emissions by Accelerating Forest Finance Coalition, a new
public-private initiative that has mobilized \$1 billion to fight
tropical deforestation.

Regulations

We are subject to laws, regulations, and rules that affect the
short-term rental and home sharing business at city, state, country, and
regional levels. While a number of cities and countries have implemented
legislation to address short-term rentals, there are many others that
are not yet explicitly addressing or enforcing short-term rental laws,
and could follow suit and enact regulations. We seek to work with
governments to establish clear, fair, and workable home sharing rules to
create clarity for our Hosts.

No single city represented more than 1.3% of our revenue before
adjustments for incentives and refunds during the year ended December 1,
2022 or 1.1% of our active listings as of December 1, 2022. Incentives
include our referral programs and marketing promotions to encourage the
use of our platform and attract new Hosts and guests, while our refunds
to Hosts and guests are part of our support activities. We do not
believe that the current regulations in our top 10 cities, in the
aggregate, have had or are expected to have a material adverse impact on
our results of operations and financial condition. We will continue to
collaborate with policymakers to implement sensible legislation around
the world.

In addition to laws, regulations, and rules directly applicable to the

These continued technology investments aim to ensure we have a robust

platform that allows us to more quickly adapt to the needs of our Hosts

and guests around the world and increase the productivity of our product

development organization.

Our Marketing

Our marketing strategy includes brand marketing, communications, and

performance marketing. Brand marketing increases awareness among

potential Hosts and guests, helping them understand the benefits of

hosting and booking stays and experiences, and what makes these stays

and experiences distinctly Airbnb. Our global communications team works

across press, policy, and influencers to share timely and important news

about Airbnb. They also oversee the execution of a global consumer,

product, corporate, and policy-communications plan that supports our

brand strategy and generates considerable press and social media

coverage. While performance marketing drives additional traffic from

high-intent prospective guests, the strength of the Airbnb brand and our

communications strategy allows us to be less reliant on performance

marketing.

Human Capital

We consider the management of our global talent to be essential to the

ongoing success of our business. As of December 1, 2022, we had 6,811

employees.

4

As of December 1, 2022, we relied on a global network of approximately

11,000 third-party contingent workers to handle the vast majority of our

community support contacts. Our internal community support employees are

comprised of operations teams who handle complex and sensitive issues,

and enablement teams who support all community-facing teams, including

our partners.

Attracting, recruiting, developing, and retaining diverse talent enables

us to provide our Hosts and guests with innovative products and services

as well as serve our other stakeholders. As of December 1, 2022, 49% of

our global employees identify in the gender binary as women and 16% of

our U.S.-based employees identify as under-represented minorities.

Through our hiring process, we commit to encouraging diversity and

eliminating bias, and we publish the changing demographic makeup of our

workforce to hold ourselves accountable. We are also focused on

supporting our employees across the full employee lifecycle from

recruitment to onboarding to ongoing development.

Given the productivity of our workforce throughout the COVID-19

pandemic, in April 2022, we announced our Live and Work Anywhere policy.

This policy allows for the vast majority of our employees to work

remotely on a permanent basis. We believe that expanding our talent pool

beyond the commuting radius near our offices will allow us to attract

the best and most diverse employees over time. We aim to create a highly

coordinated working culture, and as such, will continue to promote ways

to keep employees highly engaged and connected by aligning

employees'work through our roadmap, as well as curating employee

collaboration sessions either in the office or at off-site locations.

Climate Change

In 2021, we announced our commitment to operating as a Net Zero company

for our global corporate operations by 2030. To meet our goal, we have

committed to a number of steps, including reducing greenhouse gas

emissions associated with our corporate operations, and investing in

quality nature-based solutions to offset residual emissions. This

commitment is the latest step we are taking to help address the climate

crisis. In 2020 and 2021, we achieved 100 percent renewable energy in

our global offices, fulfilling a commitment we made in 2020, by

purchasing energy attribute certificates sufficient to match our global

electricity use for our corporate operations for those years.

Additionally, in early 2021, we became a founding participant in the

Lowering Emissions by Accelerating Forest Finance Coalition, a new

public-private initiative that has mobilized \$1 billion to fight

tropical deforestation.

Regulations

We are subject to laws, regulations, and rules that affect the

short-term rental and home sharing business at city, state, country, and

regional levels. While a number of cities and countries have implemented

legislation to address short-term rentals, there are many others that

are not yet explicitly addressing or enforcing short-term rental laws,

and could follow suit and enact regulations. We seek to work with

governments to establish clear, fair, and workable home sharing rules to

create clarity for our Hosts.

No single city represented more than 1.3% of our revenue before

adjustments for incentives and refunds during the year ended December 1,

2022 or 1.1% of our active listings as of December 1, 2022. Incentives

include our referral programs and marketing promotions to encourage the

use of our platform and attract new Hosts and guests, while our refunds

to Hosts and guests are part of our support activities. We do not

believe that the current regulations in our top 10 cities, in the

aggregate, have had or are expected to have a material adverse impact on

our results of operations and financial condition. We will continue to

collaborate with policymakers to implement sensible legislation around

the world.

In addition to laws, regulations, and rules directly applicable to the