ABNB
FY2026 Q1 · Calendar Q2 2026
Airbnb, Inc.
Airbnb delivered a strong Q1 FY2026, with revenue up 18% year-over-year to $2.7 billion and gross booking value rising 19% to $29 billion, both above the high end of guidance. Despite an EPS miss ($0.26 vs. $0.30 estimated), management raised full-year revenue growth guidance to low-mid-teens and reaffirmed a minimum 35% adjusted EBITDA margin. The quarter was driven by the Reserve Now Pay Later program (now ~20% of global GBV), AI-enabled efficiency (10% lower cost per booking, 40% of support issues resolved by AI), and big-event demand from the World Cup. The stock traded roughly flat on the print but drifted approximately 5% lower over the subsequent period.
EPS surprise-14.5%
Market move+0.7%
