Airbnb, Inc.
- Open
- 145.90
- Day high
- 147.84
- Day low
- 145.12
- Prev close
- 147.80
- Volume
- 5.4M
- Mkt cap
- $86.6B
- P/E (TTM)
- 35.4
- EPS (TTM)
- $4.12
- P/B
- 11.3
- P/S
- 6.9
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$321.9M over the last 3 months (0 open-market buys, 111 sales)
- 🏛Institutions mixed (13F)
Airbnb, Inc. (ABNB) is a Consumer Cyclical company listed on NASDAQ. The stock is up 5% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 111 sales (SEC Form 4).
Airbnb, Inc. (ABNB) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 16 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
ABNB earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $0.30 | $0.26 | -14.5% | $2.7B | +2.3% |
| Feb 12, 2026 | $0.67 | $0.56 | -15.9% | $2.8B | +2.3% |
| Nov 6, 2025 | $2.31 | $2.21 | -4.3% | $4.1B | +0.4% |
| May 1, 2025 | $0.23 | $0.24 | +2.8% | $2.3B | +0.5% |
| Feb 13, 2025 | $0.61 | $0.73 | +19.7% | $2.5B | +2.4% |
| Nov 7, 2024 | $2.14 | $2.13 | -0.5% | $3.7B | +0.4% |
| Feb 13, 2024 | $0.66 | $0.76 | +15.9% | $2.2B | +2.4% |
| Nov 1, 2023 | $2.08 | $2.39 | +14.9% | $3.4B | +6.9% |
| Aug 3, 2023 | $0.78 | $0.98 | +25.6% | $2.5B | +2.6% |
| Feb 14, 2023 | $0.25 | $0.48 | +92.0% | $1.9B | +2.2% |
| Nov 1, 2022 | $1.47 | $1.79 | +21.8% | $2.9B | +1.1% |
| Aug 2, 2022 | $0.43 | $0.56 | +30.2% | $2.1B | -0.1% |
ABNB insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 9, 2026 | Gebbia Josephdirector, 10 percent owner: | Sell | 2,460 | $150.00 |
| Jul 8, 2026 | Blecharczyk Nathandirector, 10 percent owner, officer: Chief Strategy Officer | Sell | 8,487 | $148.36 |
| Jul 8, 2026 | Blecharczyk Nathandirector, 10 percent owner, officer: Chief Strategy Officer | Sell | 3,104 | $147.86 |
| Jul 8, 2026 | Blecharczyk Nathandirector, 10 percent owner, officer: Chief Strategy Officer | Sell | 2,024 | $149.24 |
| Jul 7, 2026 | Mertz Elinorofficer: Chief Financial Officer | Sell | 3,750 | $148.01 |
| Jul 7, 2026 | Gebbia Josephdirector, 10 percent owner: | Sell | 27,733 | $150.01 |
| Jul 1, 2026 | CHENAULT KENNETH Idirector | Sell | 8,346 | $150.00 |
| Jul 1, 2026 | Gebbia Josephdirector, 10 percent owner: | Sell | 21,199 | $146.61 |
| Jul 1, 2026 | Gebbia Josephdirector, 10 percent owner: | Sell | 200 | $145.90 |
| Jul 1, 2026 | CHENAULT KENNETH Idirector | Option | 8,346 | $59.91 |
| Jul 1, 2026 | Gebbia Josephdirector, 10 percent owner: | Sell | 119,275 | $148.41 |
| Jul 1, 2026 | Gebbia Josephdirector, 10 percent owner: | Sell | 30,203 | $150.03 |
| Jul 1, 2026 | Gebbia Josephdirector, 10 percent owner: | Sell | 46,304 | $149.50 |
| Jul 1, 2026 | Gebbia Josephdirector, 10 percent owner: | Sell | 77,722 | $147.69 |
| Jun 30, 2026 | Blecharczyk Nathandirector, 10 percent owner, officer: Chief Strategy Officer | Sell | 8,790 | $147.07 |
Source: ABNB SEC Form 4 filings, latest Jul 9, 2026. For informational purposes only — not investment advice.
See the full ABNB insider & 13F page →Airbnb, Inc. company profile
Overview
Airbnb, Inc. (NASDAQ:ABNB) is a global online marketplace that connects travelers with property owners offering short-term accommodations and experiences. Founded in 2007 by Brian Chesky, Joe Gebbia, and Nathan Blecharczyk in San Francisco, the company began as AirBed & Breakfast when the founders rented out air mattresses in their apartment to conference attendees. The company went public in December 2020 and has since grown to become one of the world's largest accommodation platforms, with over 8 million active listings across more than 220 countries and regions. Airbnb has fundamentally disrupted the traditional hospitality industry by enabling anyone with spare space to become a host and offer unique travel experiences to guests worldwide.
Business
Airbnb operates in the travel and hospitality industry, specifically within the short-term rental and alternative accommodation sector. The company's core offering is a digital marketplace platform that connects property owners (hosts) with travelers (guests) seeking temporary lodging and experiences. The platform enables hosts to list various types of accommodations including private rooms, entire homes, vacation rentals, and unique properties like treehouses or castles. Guests can search, book, and pay for these accommodations through Airbnb's website or mobile application. The booking process includes features like instant booking, flexible cancellation policies, and integrated messaging between hosts and guests. Beyond accommodations, Airbnb also offers Experiences - activities led by local hosts such as cooking classes, guided tours, or cultural workshops. The company has been working to relaunch and expand this segment to increase user engagement and platform usage frequency. Airbnb's business model is asset-light, meaning the company doesn't own the properties listed on its platform. Instead, it facilitates transactions between independent hosts and guests, taking a commission from both parties. The platform serves over 8 million active listings globally, with hosts earning over $57 billion in 2023 alone. The company processes hundreds of millions of nights booked annually, with approximately 18% of bookings being for long-term stays (28+ days), indicating the platform's versatility beyond traditional vacation rentals.
Revenue model
Airbnb generates revenue primarily through a commission-based marketplace model. The company collects service fees from both hosts and guests for each completed booking transaction. Host service fees typically range from 3-5% of the booking subtotal, while guest service fees vary but generally range from 5-15% depending on the booking value and other factors. The company's paying customers are both hosts (who pay to list and complete bookings) and guests (who pay service fees when booking accommodations). This dual-sided revenue model creates a network effect where more hosts attract more guests and vice versa. Several factors can positively impact Airbnb's margins: 1. Increased booking frequency and higher average daily rates drive more commission revenue without proportional cost increases. 2. Geographic expansion into higher-margin international markets. 3. Technology improvements that reduce customer service costs and operational expenses. 4. Growth in higher-value bookings and longer-stay reservations. 5. Expansion into adjacent services like experiences and co-hosting services. Conversely, margin pressures can arise from: 1. Increased competition from traditional hotels and other short-term rental platforms. 2. Regulatory restrictions in key markets that limit supply growth. 3. Economic downturns that reduce discretionary travel spending. 4. Seasonal fluctuations in travel demand. 5. Rising customer acquisition costs in mature markets. 6. Investments in new product development and international expansion that precede revenue generation. The company has demonstrated strong margin expansion over time, achieving adjusted EBITDA margins of 36% in 2024, reflecting the scalability of its platform business model.
Competitive moat
Airbnb possesses a strong network effects moat that becomes more valuable as both sides of the marketplace grow. The platform benefits from powerful two-sided network effects where more hosts attract more guests, and more guests attract more hosts, creating a self-reinforcing cycle. With over 8 million active listings, Airbnb offers unmatched inventory diversity and geographic coverage that would be extremely difficult for competitors to replicate. The company has built significant brand recognition and trust in the alternative accommodation space. Airbnb has invested heavily in safety features, insurance coverage, and user verification systems that create switching costs for both hosts and guests who have established profiles and reviews on the platform. The review system itself creates a valuable data moat, as accumulated guest and host ratings become increasingly valuable over time. However, the moat faces several challenges: 1. Large hotel chains like Marriott and Hilton are launching their own home-sharing platforms, leveraging existing customer bases and loyalty programs. 2. Regional competitors like Vrbo (owned by Expedia) maintain strong positions in certain markets. 3. Direct booking trends where repeat guests book directly with hosts, bypassing platform fees. 4. Regulatory risks in major cities that could restrict supply growth or operations. The strength of Airbnb's moat varies by geography, with the company maintaining stronger positions in international expansion markets compared to more mature regions like North America where competition is intensifying. The company's ongoing investments in technology, AI-powered features, and adjacent services aim to deepen the moat by increasing platform stickiness and usage frequency.
Risks & safety
Airbnb demonstrates a strong financial position with substantial cash reserves and profitable operations, though trading at premium valuations. • **Liquidity and Solvency**: Strong balance sheet with $6.9 billion in cash and short-term investments as of Q4 2024. Current ratio of 1.69 indicates adequate short-term liquidity. Debt-to-equity ratio of 0.27 shows conservative leverage. • **Cash Generation**: Exceptional free cash flow generation of $4.5 billion in 2024 (40% margin), providing substantial financial flexibility. Positive operating cash flow across all recent quarters. • **Valuation Metrics**: Trading at premium multiples with P/E ratio of 31.4x and EV/EBITDA of 30.0x based on 2024 results. Price-to-book ratio of 9.9x reflects market expectations for continued growth. • **Profitability**: Achieved full-year GAAP profitability with net income margins consistently above 20% in recent quarters. Strong adjusted EBITDA margins of 36% demonstrate operational leverage. • **Other Considerations**: No significant debt burden or cash burn concerns. Primary risks relate to valuation multiples and potential economic sensitivity affecting discretionary travel spending.
Recent development
Over the past few years, Airbnb has pursued several key strategic initiatives focused on platform enhancement, international expansion, and service diversification. The company completed a major technology stack rebuild that enabled the launch of over 535 new features and upgrades, significantly improving the user experience across both mobile and web platforms. A major focus has been making hosting mainstream through initiatives like the Co-Host Network, which launched in 2024 and now includes 100,000 listings. This program helps property owners manage their Airbnb listings through professional co-hosts, addressing a key barrier to hosting adoption. The company has also improved host quality by removing over 300,000 low-quality listings and introducing the Guest Favorites program to highlight top-rated properties. Airbnb has accelerated international expansion with particular focus on Latin America and Asia Pacific markets, which are growing at double the rate of core markets. The company has implemented localized payment methods, marketing campaigns, and regulatory compliance strategies in key expansion markets like Brazil, Japan, and Germany. The company is preparing to launch new services beyond core accommodations in 2025, with plans to invest $200-250 million in new business initiatives. This includes relaunching Experiences with improved affordability and uniqueness, and exploring AI-powered travel planning tools. Airbnb acquired GamePlanner.AI to accelerate artificial intelligence integration across the platform, with initial deployment in customer service where AI now handles 50% of US user interactions. Recent product innovations include total price display globally, enhanced search and personalization features, and mobile app improvements that now capture 58% of bookings. The company is also exploring membership and loyalty programs inspired by Amazon Prime to increase platform usage frequency and customer lifetime value.
ABNB company profile · for informational purposes only — not investment advice.
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