Airbnb, Inc. (ABNB) Earnings
Airbnb, Inc. is expected to report next earnings on August 5, 2026 (in NaN days), with a consensus EPS estimate of $1.19. ABNB has beaten EPS estimates in 8 of its last 12 reported quarters (average surprise -8.0% over the last four).
| 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% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Product updates: Expanded Reserve Now Pay Later to more markets, redesigned cancellation policies, migrated API host to a single service fee. - Expansion of offerings: Piloting new services, scaling experiences, expanding partnership with Delta Airlines, scaling boutique and independent hotel pilot. - Using big events: Leveraging big events like the Winter Olympics and World Cup to drive business, bringing on new hosts, strengthening relationships. - AI: Nearly 60% of code written by AI, over 40% of customer support issues resolved without human agent, cost per booking decreased about 10% year over year in Q1.
Guidance
- Raised guidance for 2026, expecting year-over-year revenue growth to accelerate to low to mid-teens and adjusted EBITDA margin to be at least 35%. - Q2 outlook: Expect to generate revenue of $3.54 billion to $3.6 billion, year-over-year growth of 14% to 16%, GBV to increase in the low double digits, nights and seats booked growth to decelerate slightly due to Middle East conflict headwind, adjusted EBITDA and margin to be up year-over-year.
Segment performance
Revenue grew 18% year-over-year to $2.7 billion. Gross booking value grew 19% year-over-year. Nights and seats booked grew 9% after accounting for an approximate 100 basis point headwind for the conflict in the Middle East. Nights booked on the app grew 22% year-over-year and account for 63% of total nights booked. First-time bookers' growth accelerated to 10%, with strong acceleration in Brazil, Japan, and India. Net nights for expansion markets grew at roughly twice the rate of core markets. ADR increased 9% year-over-year, or 4%, excluding the impact of FX, with noticeable strength in North America. Three features (broader expansion of Reserve Now Pay Later, updates to cancellation policies, migration of Certain Hope to a simplified fee structure) delivered approximately three points of nights booked growth and approximately four points of GBV growth in Q1.
Analyst Q&A
Q: On app room nights growth and team structure for AI.
A: App growth due to aggressive app promotion, notifications, email hooks, app store ranking. Team structure for AI: Move at speed of AI, everyone hands-on, data democratized, 60% code by AI. -
Q: Delta partnership and loyalty/air ticket ambitions.
A: Delta partnership doesn't negatively impact take rate, flights and loyalty on table, best loyalty is people loving product. -
Q: Hotel product trends and AI search learnings.
A: Hotel experience different from other OTAs, commingling vs tabs, testing carousels, personalization. AI search: Focused on bottom funnel, made progress in customer service, mid-funnel with AI summaries, top funnel testing, chatbots not ideal for travel/e-commerce. -
Q: World Cup booking patterns and supply.
A: World Cup to be largest event, booking activity close to games, 100,000 new listings in host cities, half retained post-event. -
Q: Core accommodation supply and AI role.
A: Core accommodations in host API partners and primary homes/vacation homes, AI helps with host API tools and primary home listing. -
Q: Reserve Now Pay Later expansion and adoption.
A: Launched in U.S., expanded globally, material lift to gross bookings, net impact positive. -
Q: Hotel kinks and competition.
A: Continued roadmap for hotel tools, front-end merchandising, compete by lowest price, best merchandising, converting existing traffic. -
Q: First-time bookers and expansion markets.
A: Driven by expansion markets and Gen Z, localized marketing, product tailoring. -
Q: Revenue growth confidence and payment innovations.
A: Confidence from growth initiatives, EBITDA margin due to momentum, P&L management, payments roadmap with multiple projects. -
Q: Hotel hurdles and ancillary revenue.
A: Hotels constrained by optimization execution, ancillary revenue through ecosystem of services, adding various offerings.