Airbnb (ABNB) Company Report

Aristotle Balogh will step down as CTO in December 2025 after a seven-year tenure and serve as an advisory non-executive through at least February 2026.
Balogh, who joined from Google, has led key technological advancements at Airbnb.
Airbnb demonstrates strong financial health with a trailing twelve-month revenue of $11.943 billion, 83.04% gross margin, 22.03% net margin, and 31.91% ROE.
The company has a market capitalization of $69.7 billion and a geographically diversified revenue mix: 45% North America, 37% EMEA, and the remainder in Latin America and Asia-Pacific.
Analysts maintain a Buy rating with a $141–$155 price target, despite 21 insider selling transactions over the past three months and an RSI of 25.34 suggesting the stock is oversold.

Nov 22, 2025, 2:12 AM

Bloomberg

Airbnb reports Q3 2025 results

ABNB

Earnings

Guidance Update

Revenue Acceleration/Inflection

Revenue up 10% YoY to $4.1 billion in Q3 2025, driven by international markets where Latin America and Asia Pacific grew twice as fast as core markets.
Net income rose 4% to $1.4 billion for a 34% net margin, alongside record adjusted EBITDA of $2.1 billion (50% margin).
Gross Booking Value increased 14% to $22.9 billion, supported by the “Reserve Now, Pay Later” feature and expansion in Japan and India.
Q4 revenue guidance of $2.66 billion–$2.72 billion exceeded analyst expectations, reflecting confidence in continued growth.
A one-time $213 million tax allowance slightly impacted net income; CEO Chesky reiterated focus on AI integration and international expansion as multi-year priorities.

Nov 7, 2025, 12:02 PM

Bloomberg

Airbnb reports Q3 2025 results

ABNB

Earnings

Guidance Update

Share Buyback

Revenue rose 10% year-over-year to $4.1 billion, adjusted EBITDA was $2.1 billion (50% margin), and EPS grew 4% to $2.21, with net income of $1.4 billion.
Q4 2025 revenue is expected at $2.66–2.72 billion (+7–10% year-over-year), with gross booking value projected to grow low double digits and nights and seats booked in the mid-single digits.
Introduced Reserve Now, Pay Later, enhanced maps, revised cancellation policies; launched Services & Experiences (110,000+ host applications) and hotel pilot in Los Angeles, New York City, and Madrid; rolled out AI customer support (15% reduction in human contacts) and is testing AI-powered search.
Generated $1.3 billion in Q3 free cash flow and $4.5 billion over the past 12 months (38% FCF margin); repurchased $857 million in shares in the quarter with $6.6 billion authorization remaining; ended with $11.7 billion in cash and investments.

Nov 6, 2025, 10:00 PM

Transcript

Airbnb pilots hotels and AI enhancements in Q3 2025 call

ABNB

Earnings

Product Launch

New Projects/Investments

Launched a hotel pilot in Los Angeles, New York City, and Madrid, partnering with boutique and independent hotels to fill supply gaps, leveraging Airbnb’s 1.6 billion annual device visits with minimal home-to-hotel cannibalization and targeting a multi-billion-dollar opportunity.
Rolled out AI customer support in the US—cutting human-agent contacts by 15%—with plans to expand to 50+ languages, and is testing AI-powered conversational search for an app rollout next year.
Introduced service experiences on May 13, where roughly 50% of bookers had no prior Airbnb stay (and 10% were first-time users), aiming for city-by-city growth over 3–5 years to become a material revenue contributor.
CFO guidance indicates that while 2025 saw heavy investments in services, experiences, hotels, and AI, 2026 will balance continued investment with maintaining strong margins as these businesses scale.

Nov 6, 2025, 10:00 PM

Transcript

Airbnb reports Q3 2025 results

ABNB

Earnings

Guidance Update

Product Launch

Q3 revenue of $4.1 billion (+10% YoY), adjusted EBITDA of $2.1 billion (50% margin), net income of $1.4 billion, and EPS of $2.21 (+4% YoY); gross booking value was $22.9 billion (+14% YoY) and free cash flow $1.3 billion (38% margin)
Q4 2025 guidance: revenue of $2.66–2.72 billion (7–10% YoY growth), GVV expected to grow low double digits, and nights/seats booked rising mid-single digits
Expanded offerings: launched Service Experiences (4.3/5 stars, ~50% new users), piloting hotel listings in Los Angeles, New York City, and Madrid, and rolling out AI customer support (–15% human contacts) with conversational AI search testing for next year
Returned capital: repurchased $857 million of common stock in Q3 (>$3.5 billion over 12 months), reducing share count by 8% with $6.6 billion remaining authorization

Nov 6, 2025, 10:00 PM

Transcript

Airbnb announces Q3 2025 results

ABNB

Earnings

Guidance Update

Revenue of $4.1 B in Q3 2025, up 10% Y/Y (10% ex-FX).
Net income of $1.4 B (34% margin) and Adjusted EBITDA of $2.1 B (50% margin) in Q3 2025.
Free cash flow of $1.3 B (33% margin); TTM free cash flow of $4.5 B (38% margin) as of Q3 2025.
Gross Booking Value of $22.9 B (+14% Y/Y; +12% ex-FX) with 133.6 M nights and seats booked (+9% Y/Y) in Q3 2025.
Q4 2025 revenue guidance of $2.66 B–$2.72 B (+7–10% Y/Y) and full-year 2025 Adjusted EBITDA margin of ~35%.

Nov 6, 2025, 9:00 PM

8-K

Airbnb plans ChatGPT integration after AI service expansion

ABNB

New Projects/Investments

Airbnb CEO Brian Chesky is evaluating ChatGPT integration, but current SDK and app ecosystems aren’t ready; a secure, self-contained AI system is required first.
The platform relies on a mix of 13 AI models, led by Alibaba’s Qwen for its speed and cost-effectiveness, alongside providers like OpenAI and Google.
A new in-app AI customer service agent has slashed average resolution time from nearly three hours to six seconds and cut human support needs by 15%.
Airbnb is rolling out enhanced social features to build a more interactive community, positioning AI as the catalyst for scaling human connections and trip planning on its platform.

Oct 21, 2025, 6:38 PM

CNBC

Airbnb posts strong Q2 yet issues cautious Q3 guidance

ABNB

Guidance Update

Gross bookings rose 11% YoY to $23.5 billion, revenue increased 13%, EBITDA jumped 70%, and EPS grew 20% in Q2.
Q2 cash flow came in below expectations.
Q3 revenue guidance was only in line with estimates and management warned of tougher YoY nights booked comparisons ahead.
Management flagged margin pressures from costly investments in new growth initiatives, while peer Expedia delivered robust beat-and-raise guidance for the current quarter.

Aug 12, 2025, 11:51 PM

CNBC Television

Airbnb reports Q2 2025 results

ABNB

Earnings

Share Buyback

Guidance Update

Nights and seats booked reached 134 million, up 7% YoY; revenue was $3.1 billion, up 13% YoY; adjusted EBITDA totaled $1.0 billion (34% margin vs 32.5% a year ago); net income was $642 million and EPS $1.30 (up 1620%)
Generated $1.0 billion of free cash flow in Q2 and $4.3 billion over the last 12 months (37% margin); ended Q2 with $11.4 billion of corporate cash/investments and $11.1 billion of guest funds; repurchased $1.0 billion of stock and authorized an additional $6.0 billion buyback
Rolled out Airbnb Services and a reimagined Experiences in May’s summer release, earning a 4.93-star average guest rating and attracting over 60,000 host applications to date
Q3 guidance: revenue of $4.02–4.10 billion (+8–10% YoY) with adjusted EBITDA above $2.0 billion; full-year adjusted EBITDA margin expected to be at least 34.5%, including ~$200 million of new business investments

Aug 7, 2025, 1:11 AM

Airbnb Reports Q1 2025 Financial Results

ABNB

Earnings

Revenue Acceleration/Inflection

Share Buyback

Robust performance in Q1 2025 with revenue of $2.3 billion (up 6% YoY), adjusted EBITDA of $417 million (18% margin), and free cash flow of $1.8 billion.
Net income of $154M with a 7% margin reflected improved operating performance.
Guests spent nearly $25 billion on the platform, highlighting strong consumer demand and a resilient business model.
Continued investments in platform enhancements, including innovations like Guest Favorites with over 350 million nights booked and global rollouts of total price transparency improvements.
Active share repurchase program with $807 million of common stock repurchased and $2.5 billion remaining on the authorization, underscoring confidence in long-term growth.

May 1, 2025, 8:31 PM

Transcript 8-K

Earnings Transcripts

Quarterly earnings call transcripts for Airbnb.

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