ABNB · Earnings call · 2026Q2T · Full report

Guidance and Outlook

Airbnb, Inc. · 2026-08-06 · Importance 85 · Surprise 76 · No source text

Airbnb raised its full-year 2026 revenue outlook to at least mid-teens year-over-year growth, up from the prior low-to-mid-teens forecast. Q3 revenue is expected to be $4.69 billion to $4.77 billion, representing 15% to 17% year-over-year growth, including an approximately three-percentage-point FX tailwind after hedging. Q3 gross booking value is expected to grow in the mid-teens, driven by low-double-digit nights and seats growth and moderate ADR growth from mix shift and price appreciation. Full-year implied take rate is expected to remain relatively flat because of Reserve Now, Pay Later booking timing and higher incentives for new businesses, while adjusted EBITDA margin is now expected to reach at least 35.5%.

Key facts

• Q3 2026 revenue guidance: $4.69 billion to $4.77 billion, representing 15% to 17% year-over-year growth.
• Full year 2026 revenue growth outlook raised to at least mid-teens, up from prior low-to-mid-teens guidance.
• Airbnb now expects full year 2026 adjusted EBITDA margin to be at least 35.5%, up from 35%.
• Ellie Mertz said that in Q3 2026 they expect revenue growth of 15% to 17% year-over-year (guidance reiterated).
• Airbnb expects year-over-year GBV growth in Q3 2026 to be in the mid-teens, driven by low double-digit growth in nights and seats booked and a moderate increase in ADR.
• Airbnb expects adjusted EBITDA to increase year-over-year in Q3 2026 but adjusted EBITDA margin to be down slightly compared to Q3 2025 due to the timing of investments.

Impact estimates