Airbnb (ABNB) official guidance

We expect year-over-year GBV growth to be in the mid teens, driven by low double-digit growth in Nights and Seats Booked and a moderate increase in ADR due to mix shift and price appreciation.

We expect Adjusted EBITDA to increase year-over-year and Adjusted EBITDA Margin to be down slightly compared to Q3 2025, due to timing of investments.

For 2026, we now expect to deliver a full-year Adjusted EBITDA Margin of at least 35.5%— an improvement from 2025 that reflects stronger topline growth and underlying operating leverage in our core business, while continuing to invest behind opportunities to drive future growth.

We're raising our guidance for 2026 and now expect year-over-year revenue growth to accelerate to low to mid-teens, and we anticipate our adjusted EBITDA margin to be at least 35%.

For 2026, we now expect our Adjusted EBITDA Margin to be at least 35%.

We expect Adjusted EBITDA to increase year-over-year and Adjusted EBITDA Margin to be down slightly compared to Q3 2025, due to timing of investments.

We expect year-over-year GBV growth to be in the mid teens, driven by low double-digit growth in Nights and Seats Booked and a moderate increase in ADR due to mix shift and price appreciation.

We expect year-over-year GBV growth to be in the mid teens, driven by low double-digit growth in Nights and Seats Booked and a moderate increase in ADR due to mix shift and price appreciation.

We expect to generate revenue of $4.69 billion to $4.77 billion, representing year-over-year growth of 15% to 17%, inclusive of an approximate three percentage point FX tailwind after factoring in our hedging program.

For full-year 2026, we now expect year-over-year revenue growth to improve to at least mid teens, supported by the accelerated pace of Nights and Seats Booked we’ve observed, traction from product and growth initiatives, as well as continued strong travel demand.

We're raising our guidance for 2026 and now expect year-over-year revenue growth to accelerate to low to mid-teens, and we anticipate our adjusted EBITDA margin to be at least 35%.

For 2026, we are raising our guidance and now expect year-over-year revenue growth to accelerate to low to mid teens.

For the full year 2026, we expect year-over-year revenue growth to accelerate to low double digits, with an ambition to grow even faster than that.

For 2026, we expect year-over-year revenue growth to accelerate to at least low double digits.

The upward revision to our revenue outlook reflects meaningful progress across our growth initiatives and improvements to monetization through a simplified fee structure and our insurance program, which are expected to lift our full-year take rate.

For 2026, we anticipate our effective tax rate to be in the high teens, down from 20% in 2025 due to the One Big Beautiful Bill Act, primarily due to how foreign earnings are taxed.

For the full-year 2026, we expect our effective tax rate to be in the high teens.

Now, starting in 2026, we expect the One Big Beautiful Bill Act to materially reduce our effective tax rate to the mid to high teens, primarily due to how foreign earnings are taxed, which will benefit our consolidated earnings.

In Q2 2026, we expect GBV to increase in the low double digits year-over-year, driven by growth in Nights and Seats Booked and a moderate increase in ADR.

We expect Adjusted EBITDA and Adjusted EBITDA Margin to be up year-over-year in Q2 2026.

We expect Adjusted EBITDA and Adjusted EBITDA Margin to be up year-over-year in Q2 2026.

In Q2 2026, we expect GBV to increase in the low double digits year-over-year, driven by growth in Nights and Seats Booked and a moderate increase in ADR.

In Q2 2026, we expect Nights and Seats booked growth to slightly decelerate, relative to Q1 2026, assuming an estimated roughly 100bps headwind related to the conflict in the Middle East.

We expect to generate revenue of $3.54 billion to $3.60 billion, representing year-over-year growth of 14% to 16%, inclusive of an approximate 3% FX tailwind after factoring in our hedging program.

We expect GBV to increase in the low teens year-over-year, driven by high-single-digit growth in Nights and Seats Booked and a moderate increase in ADR due to price appreciation and FX.