Airbnb, Inc. Q3 2025 Earnings Recap

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.