Airbnb, Inc. Earnings Recaps
Q1 2026
May 10, 2026
Airbnb's shares rose modestly by 1.2% following Q1 results that showed solid top-line growth and continued product innovation but lacked a strong catalyst to push the stock higher. While demand trends remain healthy, the market appears cautious, possibly due to limited commentary on margin expansion or outlook specifics.
Key takeaways
- Revenue grew 18% year-over-year to $2.7 billion, surpassing the high end of guidance.
- Gross booking value increased 19% year-over-year, supported by pricing strength and resilient demand despite a 100 bps headwind from geopolitical tensions.
- Nights and seats booked rose 9%, with app nights booked up 22% and first-time bookers accelerating 10%, led by growth in Brazil, Japan, and India.
- New features like Reserve Now, Pay Later contributed ~20% of global GBV, shifting booking patterns toward longer lead times and higher-end homes.
- AI integration improved engineering productivity and helped resolve over 40% of customer support issues without human intervention, signaling operational efficiency gains.
Q3 2025
Nov 7, 2025
Airbnb delivered a strong Q3 2025, with revenue growth of 10% year-over-year and record adjusted EBITDA surpassing $2 billion, driven by strategic improvements and international expansion.
Key takeaways
- Gross booking value increased 14% year-over-year, with nights booked rising 9%.
- Successfully introduced 65 major service improvements, including enhanced payment flexibility and improved mapping features, boosting user experience.
- International markets showed strong performance, with average nights booked growing at double the rate of core markets.
- Launched service experiences with high customer satisfaction ratings, attracting new users and diversifying offerings.
- Initiated a hotel pilot program in key cities, enhancing Airbnb’s portfolio and filling market gaps.