Airbnb 8-K
PositiveEarningsGuidance raised
Nights and Seats Booked accelerated on travel demand and product improvements; FY revenue-growth and adjusted EBITDA margin outlooks were raised.
Filed 2026-08-06 16:02 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q2 2026 results with higher FY2026 revenue-growth and Adjusted EBITDA Margin outlook. Revenue and bookings grew on strong travel demand, product momentum and a moderate increase in average daily rate (ADR). Airbnb raised its full-year outlook for both revenue growth and Adjusted EBITDA Margin.
Key Figures
| Metric | Q2 2026 | Q2 2025 | Y/Y |
|---|---|---|---|
| Revenue | $3.61B | $3.10B | 17% |
| Operating income | $758M | $612M | 23.9% |
| Net income | $816M | $642M | 27.1% |
| Adjusted EBITDA, non-GAAP | $1.26B | $1.04B | 21% |
| Diluted EPS | $1.27 | $1.37 | -7.3% |
| Net cash provided by operating activities | $1.27B | $975M | 30.3% |
| Free cash flow, non-GAAP | $1.25B | $962M | 30% |
| Gross Booking Value | $27.2B | $23.5B | 16% |
| Nights and Seats Booked | 148M | 134M | 10% |
- Revenue growth was 13% Y/Y excluding foreign exchange; Gross Booking Value growth was 15% excluding foreign exchange. Nights and Seats Booked accelerated from Q1, supported by demand across regions and product improvements.
- Net income included a $77M benefit related to recently published guidance affecting prior-year taxes. Free cash flow increased 30%, primarily on higher net income, partly offset by working-capital changes, including the expansion of Reserve Now, Pay Later.
- Airbnb repurchased $1.1B of Class A common stock. Fully diluted shares outstanding were 634M at 6/30/2026 vs 652M a year earlier, down 2.8%. Cash, cash equivalents, short-term investments and restricted cash totaled $12.1B; funds held on behalf of guests were $12.2B.
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Revenue | Q3 2026 | $4.69B-$4.77B; 15%-17% Y/Y, including an ≈3 percentage-point foreign-exchange tailwind | — | — |
| Gross Booking Value | Q3 2026 | Mid-teens Y/Y growth | — | — |
| Nights and Seats Booked | Q3 2026 | Low-double-digit Y/Y growth | — | — |
| ADR | Q3 2026 | Moderate increase Y/Y | — | — |
| Adjusted EBITDA, non-GAAP | Q3 2026 | Increase Y/Y | — | — |
| Adjusted EBITDA Margin, non-GAAP | Q3 2026 | Slightly down vs Q3 2025 | — | — |
| Revenue growth | FY2026 | At least mid-teens Y/Y | — | Raised |
| Adjusted EBITDA Margin, non-GAAP | FY2026 | At least 35.5% | — | Raised |
| Effective tax rate | FY2026 | High teens | — | — |
Investor Takeaways
- Q3 revenue and booking growth vs the guided ranges will test whether current demand and product momentum continue.
- FY2026 results will show whether Airbnb delivers the higher revenue-growth and margin outlook while continuing to invest in growth initiatives.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3