Airbnb (ABNB) Misses Q1 EPS by 5c; offers guidance

Airbnb (NASDAQ: ABNB) reported Q1 EPS of $0.26, $0.05 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $2.68 billion versus the consensus estimate of $2.62 billion.

GUIDANCE:

Airbnb sees Q2 2026 revenue of $3.54-3.6 billion, versus the consensus of $3.459 billion.

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 the FX
tailwind to ADR to be significantly lower in Q2 2026 than in Q1.
¦ 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 Adjusted EBITDA and Adjusted EBITDA Margin to be up year-over-year in Q2 2026.

Full-Year 2026
¦ For 2026, we are raising our guidance and now expect year-over-year revenue growth to
accelerate to low to mid teens.
¦ For 2026, we now expect our Adjusted EBITDA Margin to be at least 35%. We will continue
to prioritize reinvestment to support growth across the business, specifically on efficient
marketing spend, international expansion, and AI initiatives

For earnings history and earnings-related data on Airbnb (ABNB) click here.

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