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Airbnb
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Latest analysis
Updated Nov 5, 2026
Airbnb Q3 2026: Revenue accelerates 19% YoY to $4.9B, fastest growth in 3+ years, as AI-driven efficiencies and product expansion lift EBITDA margin to 52%
Airbnb delivered its strongest revenue growth quarter in more than three years — 19% year-over-year to $4.9 billion — driven by a 16% increase in Nights and Seats Booked and 4% ADR expansion, with every major region accelerating. AI-driven customer support deflation cut support cost per booking more than 17% year-over-year while resolving 40% of issues without a human agent, expanding adjusted EBITDA margin to 52%. Management raised full-year 2026 revenue growth guidance to 'high teens' and adjusted EBITDA margin to approximately 36%, reflecting confidence in the durability of the acceleration across homes, hotels, and services.
Tone: bullishRevenue
$12.2B
ABNB 10-K · FY 2025
Employees
8,200
Revenue growth YoY
+10%
EBITDA margin
52%
Profile
ABNB 10-K Item 1 · Feb 12, 2026Airbnb operates a global two-sided marketplace connecting guests with hosts offering stays, experiences, and services across more than 220 countries and regions. Founded in 2007, the platform has grown to over 5 million hosts and has facilitated more than 2.5 billion guest arrivals. In May 2025, Airbnb expanded its platform beyond traditional accommodations with the launch of redesigned experiences and a new services category.
Read filing description ↓ Collapse description ↑
Airbnb was founded in 2007 when two hosts welcomed three guests to their San Francisco home, and has since grown into a global community of over 5 million hosts who have welcomed over 2.5 billion guest arrivals in almost every country and region across the globe. Every day, hosts offer unique stays, experiences, and services that enable guests to connect with communities in a more authentic way. We operate a global marketplace connecting guests with stays, experiences, and services, collectively in over 220 countries and regions. Our offerings have expanded to include services and redesigned experiences, which launched in May 2025. We operate with five key stakeholders in mind: our employees, shareholders, hosts, guests, and the communities we serve. Our commitment to making long-term decisions that benefit all these stakeholders is fundamental to our sustained success. Our key strategic priorities include making our service better, bringing Airbnb to more parts of the world, and expanding what we offer. Over the past several years, we have introduced hundreds of new features and upgrades to our platform spanning nearly every part of our service from pricing to quality to customer support. Additionally, we are leveraging our global markets strategy, which includes a more localized approach to product updates and marketing to raise awareness and consideration in less mature markets. We are also extending our platform beyond stays with new offerings, such as Airbnb Services and redesigned experiences, with plans to continue to expand our business beyond travel accommodations using our multi-year product roadmap to help drive long-term growth.
Primary products
- Stays
- Experiences
- Airbnb Services
- Co-Host Network
- AirCover for Hosts
- AirCover for Guests
End markets
Geographies
Named competitors
“We compete for guests based on many factors, including unique inventory and availability of listings, the value and all-in cost of host offerings on our platform relative to other options, our brand, ease of use of our platform, the trust and safety of our platform, and community support.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Revenue increased 10% to $12.2 billion in 2025 compared to 2024, primarily due to growth in check-ins related to Nights and Seats Booked and a modest increase in Average Daily Rate.
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Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.