Shares of Airbnb (ABNB) are slipping as the company reported expectations of moderating demand in its first-quarter guidance, relative to its recent fourth-quarter earnings results. The company, however, plans on expanding its territory into Europe moving forward, claiming in a letter to shareholders that “this will be a gradual, multi-year journey.”. Jed Kelly, Oppenheimer Managing Director of Equity Research - Consumer Internet, joins Yahoo Finance to discuss the lodging booking service's performance and take a deep dive into the company's strategies for continued growth. "Well, the business is very healthy. This was a one-time tax charge that... they're going to have to pay, but when you look at the free cash flow, they're still going to generate well over $4 billion in free cash flow this year," Kelly states. "From a free cash flow position... the business is really healthy. Actually, on a valuation basis, it trades at a favorable free cash flow yield, relative to EV/EBITDA because they have positive capital dynamics." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

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