9 unchanged sentences
• balances held as funds receivable and amounts held on behalf of customers and funds payable and amounts payable to customers;
−Removed: • unbilled amounts for confirmed bookings under the terms of our Pay Less Upfront program;
+Added: • unbilled amounts for confirmed bookings under the terms of our payment programs (Pay Less Upfront and Reserve Now, Pay Later);
• intercompany balances primarily related to our payment entities that process customer payments.
1 unchanged sentence
dollar and are adversely affected by a strengthening of the U.S.
−Removed: Movements in foreign exchange rates are recorded in other income (expense), net in our consolidated statements of operations.
Furthermore, our platform generally enables guests to make payments in the currency of their choice to the extent that the currency is supported by Airbnb, which may not match the currency in which the host elects to be paid.
As a result, in those cases, we bear the currency risk of both the guest payment as well as the host payment due to timing differences in such payments.
+Added: Movements in foreign exchange rates are recorded in other expense, net in our consolidated statements of operations.
We enter into foreign currency derivative contracts to protect against foreign exchange risks.
−Removed: These hedges are primarily designed to manage foreign exchange risk associated with forecasted foreign denominated revenue, balances held as funds payable and amounts payable to customers, and unbilled amounts for confirmed bookings under the terms of our Pay Less Upfront program.
+Added: These hedges are primarily designed to manage foreign exchange risk associated with forecasted foreign denominated revenue, balances held as funds payable and amounts payable to customers, and unbilled amounts for confirmed bookings under the terms of our payment programs.
These contracts reduce, but do not entirely eliminate, the impact of foreign currency exchange rate movements on our revenue, assets, and liabilities.
16 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.