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Airbnb (ABNB)
NASDAQ:ABNB
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.31Last Year’s EPS
0.24Same Quarter Last Year
Moderate Buy
Based on 27 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized stronger momentum across product, pricing and supply initiatives that drove double-digit revenue and GBV growth in Q4, solid profitability and exceptional free cash flow generation. Key product moves (Reserve Now, Pay Later; simplified fees; Project Hawaii) and AI support for customer service and engineering were highlighted as durable growth levers. Near-term headwinds include a modest rise in cancellations from the new pay-later product, regional variability (APAC moderation), a one-time tax hit in Q4, and the fact that hotel inventory remains a small portion of nights today. Management provided confident 2026 guidance (Q1 revenue growth 14%–16%, full-year target of low double-digit acceleration) and reiterated stable margins, buybacks and balance sheet strength. Overall, the highlights materially outweigh the lowlights.Company Guidance
Revenue and Gross Booking Value Growth
Q4 revenue grew 12% year-over-year to $2.8 billion and gross booking value (GBV) grew 16% year-over-year to $20.4 billion — Airbnb's strongest quarter of growth in over two years.
Nights and Seats Booked Acceleration
Nights and seats booked increased 10% year-over-year in Q4 (the strongest quarter of the year), with strength across regions and longer lead times driven by product changes.
Profitability and Cash Generation
Q4 adjusted EBITDA was $786 million, a 28% adjusted EBITDA margin, exceeding guidance; Q4 free cash flow was $521 million and full-year 2025 free cash flow was $4.6 billion (38% margin). Airbnb has generated nearly $19 billion of cumulative free cash flow since IPO.
Product-Led Growth Initiatives (Project Hawaii & Pricing)
Project Hawaii and pricing changes (total price upfront, simplified fees, flexible cancellations) materially lifted conversion; CFO estimates these three features delivered ~200 basis points of nights/seats growth and ~300 basis points of GBV growth in Q4. Reserve Now, Pay Later drove booking acceleration, longer lead times and mix shift toward larger homes, contributing to ADR expansion.
Supply Quality and Expansion Wins
Airbnb removed over 0.5 million low-quality listings, while 'guest favorites' listings grew 30% in 2025 and comprised nearly half of Q4 bookings; Brazil moved from a top-10 to a top-5 market and was the second largest contributor to first-time bookers in Q4.
AI Deployment and Operational Efficiency
Custom AI agent is resolving ~1/3 of support issues in North America with faster resolution times and plans for global roll-out; AI adoption is increasing engineer productivity and customer-service efficiency, supported by hiring of CTO Ahmad Al-Dahle.
Positive 2026 Outlook and Q1 Guidance
Management expects revenue growth to accelerate to at least low double digits in 2026 with stable adjusted EBITDA margins; Q1 2026 revenue guidance of $2.59B–$2.63B implies 14%–16% YoY growth and GBV growth in the low teens (includes ~3 point FX tailwind).
Share Repurchases and Strong Balance Sheet
Airbnb repurchased $1.1 billion of common stock in Q4 (Q4 repurchases up from $857 million in Q3) and $3.8 billion in 2025, using >80% of free cash flow; corporate cash and investments totaled ~$11 billion at the end of Q4 (plus ~$7 billion funds held on behalf of others).
ABNB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ABNB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | $115.96 | $121.35 | +4.65% |
Nov 06, 2025 | $120.53 | $120.88 | +0.29% |
Aug 06, 2025 | $130.50 | $120.03 | -8.02% |
May 01, 2025 | $124.01 | $125.26 | +1.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Airbnb (ABNB) report earnings?
Airbnb (ABNB) is schdueled to report earning on May 13, 2026, After Close (Confirmed).
What is Airbnb (ABNB) earnings time?
Airbnb (ABNB) earnings time is at May 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ABNB EPS forecast?
ABNB EPS forecast for the fiscal quarter 2026 (Q1) is 0.31.
