Airbnb Posts $4.9B Q3 Revenue, Raises Outlook and Buyback

Airbnb, Inc. said Thursday that third-quarter revenue rose 19% to about $4.9 billion, its fastest growth in more than three years, and that it was raising full-year 2026 targets while authorizing a new $12 billion Class A share repurchase program, according to the company’s newsroom summary of its shareholder letter.

Gross booking value climbed 21% to $27.7 billion. Nights and seats booked rose 16% year over year. Net income was $1.9 billion, and adjusted EBITDA rose 22% to $2.5 billion, lifting the adjusted EBITDA margin to 52%, Airbnb said. 24/7 Wall St., citing the same results, put revenue at $4.87 billion versus a $4.75 billion consensus estimate and GAAP earnings at $3.16 a share against a $2.85 estimate.

Bookings and markets

Airbnb said every region delivered double-digit nights growth, with all five of its core markets — the United States, France, the United Kingdom, Canada and Australia — accelerating. North America nights booked grew at their fastest pace in four years, the company said. First-time booker growth rose 13% year over year, the highest since early 2022. 24/7 Wall St. reported nights and seats booked at 155.0 million, up from 10% growth in the second quarter.

Outlook and capital return

For the fourth quarter, Airbnb guided revenue to $3.22 billion to $3.28 billion, or 16% to 18% growth, including about a two-percentage-point foreign-exchange tailwind after hedges. For full-year 2026 it now expects high-teens revenue growth and an adjusted EBITDA margin of about 36%. The board authorized up to $12 billion of additional Class A buybacks; 24/7 Wall St. said the company already repurchased about $700 million of stock in the third quarter. Related travel-sector results: Tripadvisor’s CEO departure and Hertz’s third-quarter report.

Sources: Airbnb, 24/7 Wall St.