Airbnb says Middle East conflict led to slightly higher cancellations in Q1 in EMEA, APAC

Airbnb

07/05/2026 21:21

Overview

Online travel platform's Q1 revenue rose 18% yr/yr, beating analyst expectations

Adjusted EBITDA for Q1 rose 24% to $519 mln, with margin up to 19%

Company repurchased $1.1 bln of shares in Q1 as part of capital allocation strategy

Co saw slightly elevated cancellations in Q1 in EMEA and Asia Pacific, primarily driven by
conflict in Middle East

Outlook

Airbnb sees Q2 revenue of $3.54 bln to $3.60 bln, up 14% to 16% year-over-year

Company raises 2026 revenue growth outlook to low to mid teens year-over-year

Airbnb expects 2026 Adjusted EBITDA margin of at least 35%

Result Drivers

STRONG DEMAND & PRICING - Revenue growth was primarily driven by strong demand and a meaningful increase in average daily rates, aided by FX tailwinds

EXPANSION MARKETS - Accelerated growth in Brazil, Japan, and India contributed to higher first-time bookers and nights booked

OPERATIONAL EFFICIENCY - Cost-per-booking decreased about 10% yr/yr, helped by AI-driven improvements in customer support

MIDDLE EAST - Co says navigating a period of macroeconomic, geopolitical uncertainty; saw
slightly elevated cancellations this quarter in EMEA and Asia Pacific, primarily driven by conflict in Middle East

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$2.70 bln
$2.62 bln (34 Analysts)
Q1 Net Income
$160 mln
Q1 Free Cash Flow
$1.70 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy", 19 "hold" and 2 "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 $150.00, about 7.2% above its May 6 closing price of $139.88

The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 27 three months ago

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