Airbnb, Inc. · ABNB · FY2024 Q2 · Calendar Q3 2024

Airbnb balances strong Q2 execution with shorter booking lead times

The supplied analysis supports a constructive but qualified view: strong execution, mobile adoption, supply quality, international expansion, and product innovation support continued growth, while shorter booking lead times, marketing investment, regulation, and new-product execution temper the outlook.

Reported After market closeNASDAQConsumer Cyclical $104.36B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $0.86 Consensus $0.92
EPS surprise -6.5% Reported versus consensus
Reported revenue $2.75B Consensus $2.74B
Revenue surprise +0.4% Reported versus consensus

Market reaction

event-close to next-session close
Stock move -13.4% Event window
SPY move -0.7% Same window
Abnormal move -12.7% Stock minus SPY
Volume 6.2× Versus trailing sessions
Subsequent drift +2.8% Up to 20 sessions
ABNBSPY benchmark

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Transcript intelligence

What changed

The current analysis adds a clearer near-term demand watchpoint: booking lead times are shortening, particularly for longer-term trips, and may pressure Q3. At the same time, Airbnb advanced its product pipeline with Icons, a planned co-hosting marketplace, refreshed Experiences, and longer-term AI concierge work.

Guidance delta

Guidance sentiment was maintained, while management flagged shorter booking lead times as a potential Q3 pressure.

Key takeaways

  • Management highlighted 11% Q2 revenue growth, record free cash flow, and continued share repurchases.
  • Active listings exceeded 8 million, with quality improvements and localized international expansion supporting the platform.
  • The main new watchpoint is shorter booking lead times, alongside upcoming product work in co-hosting and Experiences.

Management priorities

  • Improve hosting quality and the core accommodations experience.
  • Expand localized products and marketing in under-penetrated international markets.
  • Develop adjacent offerings including the co-hosting marketplace, refreshed Experiences, and AI-enabled travel tools.

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Earnings History

Estimate Beat Miss Match
ABNB REVENUE earnings history estimate and actual scatter chart 9 reported fiscal quarters and 3 future estimate-only quarters. Q4 '23 estimate $2B Q4 '23 actual $2B, beat Q1 '24 estimate $2B Q1 '24 actual $2B, beat Q2 '24 estimate $3B Q2 '24 actual $3B, beat Q3 '24 estimate $4B Q3 '24 actual $4B, beat Q2 '25 estimate $3B Q2 '25 actual $3B, beat Q3 '25 estimate $4B Q3 '25 actual $4B, beat Q4 '25 estimate $3B Q4 '25 actual $3B, beat Q1 '26 estimate $3B Q1 '26 actual $3B, beat Q2 '26 estimate $4B Q2 '26 actual $4B, beat Q3 '26 estimate $5B Q4 '26 estimate $3B Q1 '27 estimate $3B
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Analyst Consensus ?

ConsensusHold46 ratings
Bullish2452.2%
Neutral1839.1%
Bearish48.7%

Analyst 52W Price Targets

$174.28Previous close
$60Low
$163.11Average
$250High

Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 16, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Wells Fargo Overweight OverweightMaintainOct 7, 2026
Keybanc Overweight Sector WeightUpgradeOct 2, 2026
RBC Capital Outperform OutperformMaintainSep 21, 2026
Citizens Market Outperform Market OutperformMaintainSep 18, 2026
Truist Securities Hold HoldMaintainSep 10, 2026
Show 41 more rating actions

Named analyst price targets

Upside is calculated against the persisted previous close $174.28. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Wells FargoKen Gawrelski$185$160.39 +6.2%Oct 7, 2026
KeyBancAnalyst unavailable$191$160.47 +9.6%Oct 1, 2026
China Renaissance Securities (US) Inc.Analyst unavailable$200$149.58 +14.8%Sep 24, 2026
Morgan StanleyMatthew Cost$170$168.32 -2.5%Sep 16, 2026
Truist FinancialAnalyst unavailable$161$168.27 -7.6%Sep 10, 2026
See 160 more

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Company context

Snapshot as of publication

Airbnb, Inc., along with its affiliated entities, manages a global digital marketplace. This platform seamlessly connects individuals, known as hosts, who wish to offer a variety of accommodations and unique local experiences, with guests seeking such services worldwide. Users can easily book anything from private rooms and primary residences to vacation homes through its online and mobile channels. Originally established as AirBed & Breakfast, Inc. in 2007, the company officially rebranded to Airbnb, Inc. in November 2010. Its corporate headquarters are situated in San Francisco, California.

Historical context

All ABNB earnings

Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2024-10-17T05:10:49.140638+00:00
  3. Polygon adjusted daily market bars · 2026-10-16T08:20:44.328169+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-16T08:20:44.325439+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-16. For educational purposes only; not investment advice.