Airbnb Q3 revenue slightly beats estimates, helped by strong international demand

Airbnb

06/11/2025 21:14

Overview

Airbnb Q3 2025 rev grows 10% yr/yr, slightly beating analyst expectations

Adjusted EBITDA for Q3 2025 also slightly beating analyst estimates

Company repurchased $857 mln of Class A common stock in Q3 2025

Outlook

Company expects Q4 revenue between $2.66 bln and $2.72 bln

Airbnb anticipates Q4 GBV to grow low-double-digits Y/Y

Company projects full-year 2025 Adjusted EBITDA Margin of ~35%

Result Drivers

U.S. MARKET STRENGTH - Growth in Nights and Seats Booked and Gross Booking Value driven by strong U.S. market performance and ADR improvements

NEW FEATURES - Introduction of 'Reserve Now, Pay Later' feature in the U.S. helped accelerate bookings

INTERNATIONAL EXPANSION - Significant growth in new markets, with first-time bookers increasing over 20% in Japan and nearly 50% in India

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$4.1 bln
$4.08 bln (33 Analysts)
Q3 Net Income
$1.4 bln
Q3 Adjusted EBITDA
Slight Beat*
$2.05 bln
$2.04 bln (34 Analysts)
Q3 Free Cash Flow
$1.3 bln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 16 "strong buy" or "buy", 23 "hold" and 7 "sell" or "strong sell"

The average consensus recommendation for the online services peer group is "buy."

Wall Street's median 12-month price target for Airbnb Inc is $142.50, about 14% above its November 5 closing price of $122.50

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 29 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)