Loading...
•
Sep 30
Airbnb Q3 2025 Earnings Report
Airbnb posted strong results in Q3 2025 with record revenue and adjusted EBITDA, supported by global expansion and continued product innovation.
Key Takeaways
Airbnb delivered $4.1B in revenue and $1.4B in net income for Q3 2025. Adjusted EBITDA reached an all-time high of $2.1B, with strong performance in international markets and adoption of AI-powered features boosting user engagement and operational efficiency.
Revenue hit $4.1B, growing 10% YoY.
Adjusted EBITDA reached $2.1B with a 50% margin.
Net income was $1.4B, maintaining a 34% margin.
Expansion markets outpaced core markets with 2x growth rate in nights booked.
Airbnb
Airbnb
Airbnb Revenue by Geographic Location
Revenue by Geographic Location
North America Revenue
CapyFin.comEMEA Revenue
CapyFin.comLatin America Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
Airbnb expects Q4 2025 revenue between $2.66B and $2.72B, with continued growth in bookings and GBV, albeit at a slower pace due to tough comps. Investments in services and experiences will slightly weigh on margins.
Positive Outlook
- Q4 revenue expected to grow 7% to 10% YoY.
- Strong demand continues into October.
- Reserve Now, Pay Later feature boosts longer lead-time bookings.
- Low-double-digit GBV growth forecasted for Q4.
- Stable take rate expected in Q4 2025.
Challenges Ahead
- Adjusted EBITDA margin expected to decline YoY in Q4.
- Q4 Adjusted EBITDA expected to be flat to down slightly YoY.
- Tough comparison vs. strong Q4 2024.
- Ongoing investments to impact short-term margins.
- $200M investment in services and experiences to weigh on profitability.