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Airbnb's full-year outlook surpasses expectations after booking growth fueled quarterly revenue

By Reuters News


Overview

  • Online travel platform's Q3 revenue grew 19% yr/yr, beating analyst expectations

  • Net income for Q3 rose 38% yr/yr to $1.9 bln

  • Company authorized new $12 bln share buyback

  • Revenue was the highest in at least eight years, according to SEC filings and LSEG data

  • Shares of the company were up 11% after the bell


Outlook

  • Airbnb expects Q4 revenue of $3.22 bln to $3.28 bln, up 16% to 18%, vs analysts' estimate of $3.16 bln

  • Raises FY26 adjusted EBITDA margin outlook to approximately 36%, vs analysts' estimate of 35.1%

  • Sees FY26 revenue growth in the high teens, raised from its prior outlook


Result Drivers

  • BOOKING GROWTH - Double-digit growth in all core markets and expansion markets, with nights booked in North America at their fastest pace in four years

  • HIGHER AVERAGE RATES - Revenue and gross booking value were driven by strong demand and moderately higher Average Daily Rate (ADR)

  • PRODUCT INNOVATION - Launch of more than 50 new products and features, including AI-powered tools, contributed to growth


Company press release: Full Story


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$4.87 bln

$4.75 bln (34 Analysts)

Q3 EPS

$3.16

Q3 Net Income

$1.89 bln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 27 "strong buy" or "buy", 16 "hold" and 1 "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 $189.72, about 7.6% above its November 4 closing price of $176.37

  • The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 27 three months ago


Reuters Recommended Reads

  • Nov 5 - Airbnb lifts annual revenue growth forecast on resilient global travel demand

  • Nov 3 - Booking Holdings Q3 revenue misses estimates on FTC-related reduction

  • Nov 4 - Expedia Q3 revenue beats on B2B strength, lifts outlook


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.)

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