Airbnb Q4 2025 financial results Announced

Airbnb issued our fourth quarter and full-year 2025 financial results.

Financial Performance
- Revenue: Up 12% year-over-year, exceeding guidance.
- Gross Booking Value (GBV): Grew 16% year-over-year, the strongest in over two years.
- Nights & Seats Booked: Increased 10%, marking the best growth quarter of 2025.
- Demand Drivers: Strength across all regions and higher Average Daily Rates (ADR).

Guest Flexibility:
- Reserve Now, Pay Later launched in the U.S., expanding globally in 2026.
- New cancellation policies reduced customer service contacts and boosted bookings.

Global Expansion:
- Strong growth in Brazil, Japan, and India (India up 50% in nights booked, 60% in first-time bookers).

New Offerings:
- Expansion of Airbnb Services & Experiences (e.g., grocery delivery pilots).
- Partnerships with boutique hotels in New York, LA, Madrid, and San Francisco.

AI Integration:
- AI-powered customer support resolving ~1/3 of issues without agents.
- AI-driven search for more natural trip planning.

Outlook
Q1 2026 Guidance:
- Revenue: $2.59–$2.63 billion (+14–16% YoY).
- GBV: Expected low-teens growth.
- Adjusted EBITDA Margin: Flat YoY.

Full-Year 2026:
- Revenue growth expected to accelerate to low double digits.
- Stable EBITDA margin as efficiencies are reinvested in marketing, product, and technology.

CEO Commentary
Brian Chesky emphasized that Airbnb delivered its strongest GBV growth in two years, with momentum expected to accelerate in 2026. He highlighted disciplined scaling of new businesses and AI as key growth drivers.