Analyst Consensus ?
ConsensusHold45 ratings
Bullish2351.1%
Neutral1840.0%
Bearish48.9%
1 unmapped firm rating excluded from the percentages.
Airbnb, Inc. · ABNB · FY2026 Q1 · Calendar Q2 2026
Airbnb Beats on Revenue, Misses EPS, Raises Full-Year Guidance
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.
Reported After market closeNASDAQConsumer Cyclical
$90.87B market cap
90quality score
Company context
Snapshot as of publicationAirbnb, 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.
Earnings scorecard
Reported versus consensus
Reported EPS
$0.26
Consensus $0
EPS surprise
-14.5%
Reported versus consensus
Reported revenue
$2.68B
Consensus $2.62B
Revenue surprise
+2.3%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$170.19Current
$60Low
$161.25Average
$250High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 12, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Truist Securities | Hold | Hold | Maintain | Sep 10, 2026 |
| Raymond James | Outperform | Market Perform | Upgrade | Sep 8, 2026 |
| Baird | Outperform | Outperform | Maintain | Sep 8, 2026 |
| DA Davidson | Buy | Buy | Maintain | Aug 31, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Aug 24, 2026 |
| Bernstein | Outperform | Outperform | Maintain | Aug 24, 2026 |
| BMO Capital | Market Perform | Market Perform | Maintain | Aug 10, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Aug 7, 2026 |
| Wedbush | Outperform | Neutral | Upgrade | Aug 7, 2026 |
| UBS | Neutral | Neutral | Maintain | Aug 7, 2026 |
| Susquehanna | Positive | Positive | Maintain | Aug 7, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Aug 7, 2026 |
| Piper Sandler | Neutral | Neutral | Maintain | Aug 7, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Aug 7, 2026 |
| Needham | Hold | Hold | Maintain | Aug 7, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Aug 7, 2026 |
| Citizens | Market Outperform | Market Outperform | Maintain | Aug 7, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 7, 2026 |
| Cantor Fitzgerald | Neutral | Neutral | Maintain | Aug 7, 2026 |
| Canaccord Genuity | Buy | Buy | Maintain | Aug 7, 2026 |
| BTIG | Neutral | Neutral | Maintain | Aug 7, 2026 |
| Benchmark | Buy | Buy | Maintain | Aug 7, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Aug 7, 2026 |
| B. Riley Securities | Buy | Buy | Maintain | Aug 7, 2026 |
| B of A Securities | Neutral | Neutral | Maintain | Aug 7, 2026 |
| Morgan Stanley | Underweight | Underweight | Maintain | Jul 30, 2026 |
| Goldman Sachs | Sell | Sell | Maintain | Jul 20, 2026 |
| Jefferies | Buy | Buy | Maintain | Jul 14, 2026 |
| Tigress Financial | Buy | Buy | Maintain | Apr 8, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Mar 3, 2026 |
| TD Cowen | Buy | Buy | Maintain | Feb 13, 2026 |
| Deutsche Bank | Buy | Hold | Upgrade | Feb 13, 2026 |
| Keybanc | Sector Weight | Maintain | Oct 23, 2025 | |
| JMP Securities | Market Perform | Market Perform | Maintain | Aug 11, 2025 |
| Phillip Securities | Reduce | Neutral | Downgrade | Nov 12, 2024 |
| Argus Research | Hold | Buy | Downgrade | Sep 4, 2024 |
| HSBC | Hold | Buy | Downgrade | May 9, 2024 |
| DBS Bank | Hold | Buy | Downgrade | Dec 8, 2023 |
| Credit Suisse | Neutral | Neutral | Maintain | Aug 4, 2023 |
| Loop Capital | Buy | Buy | Maintain | Feb 16, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Feb 15, 2023 |
| Gordon Haskett | Underperform | Hold | Downgrade | Jan 25, 2023 |
| Berenberg | Outperform | Outperform | Maintain | Oct 5, 2022 |
| Stifel | Hold | Hold | Maintain | May 4, 2022 |
| Wolfe Research | Peer Perform | Peer Perform | Maintain | Feb 16, 2022 |
| Atlantic Equities | Neutral | Overweight | Downgrade | Jan 5, 2021 |
Named analyst price targets
Upside is calculated against the persisted current price $170.19. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Truist Financial | Analyst unavailable | $161 | $168.27 | -5.4% | Sep 10, 2026 |
| Robert W. Baird | Analyst unavailable | $200 | $181.94 | +17.5% | Sep 8, 2026 |
| Raymond James | Analyst unavailable | $200 | $181.94 | +17.5% | Sep 8, 2026 |
| D.A. Davidson | Analyst unavailable | $220 | $185.34 | +29.3% | Aug 31, 2026 |
| Evercore ISI | Analyst unavailable | $200 | $191.27 | +17.5% | Aug 24, 2026 |
| Bernstein | Richard Clarke | $217 | $187.3 | +27.5% | Aug 24, 2026 |
| Bernstein | Richard Clarke | $168 | $181.65 | -1.3% | Aug 10, 2026 |
| BMO Capital | Analyst unavailable | $165 | $178.07 | -3.0% | Aug 10, 2026 |
| RBC Capital | Analyst unavailable | $165 | $181.34 | -3.0% | Aug 10, 2026 |
| Evercore ISI | Analyst unavailable | $190 | $174.73 | +11.6% | Aug 7, 2026 |
| Oppenheimer | Jed Kelly | $190 | $175.06 | +11.6% | Aug 7, 2026 |
| RBC Capital | Analyst unavailable | $195 | $176.19 | +14.6% | Aug 7, 2026 |
| Canaccord Genuity | Analyst unavailable | $200 | $151.64 | +17.5% | Aug 7, 2026 |
| UBS | Stephen Ju | $172 | $151.64 | +1.1% | Aug 7, 2026 |
| Wedbush | Analyst unavailable | $200 | $151.64 | +17.5% | Aug 7, 2026 |
| Wells Fargo | Analyst unavailable | $186 | $151.64 | +9.3% | Aug 7, 2026 |
| Susquehanna | Shyam Patil | $200 | $151.64 | +17.5% | Aug 7, 2026 |
| Piper Sandler | Ross Sandler | $150 | $151.64 | -11.9% | Aug 7, 2026 |
| Morgan Stanley | Brian Nowak | $125 | $151.57 | -26.6% | Jul 30, 2026 |
| Goldman Sachs | Analyst unavailable | $170 | $146.86 | -0.1% | Jul 28, 2026 |
| Goldman Sachs | Analyst unavailable | $155 | $146.04 | -8.9% | Jul 20, 2026 |
| Jefferies | Analyst unavailable | $175 | $146.33 | +2.8% | Jul 14, 2026 |
| Robert W. Baird | Colin Sebastian | $160 | $145.56 | -6.0% | Jun 29, 2026 |
| Jefferies | Analyst unavailable | $160 | $133.72 | -6.0% | Jun 5, 2026 |
| D.A. Davidson | Analyst unavailable | $162 | $143.12 | -4.8% | May 11, 2026 |
| Barclays | Trevor Young | $125 | $141.49 | -26.6% | May 11, 2026 |
| Susquehanna | Analyst unavailable | $170 | $145.24 | -0.1% | May 8, 2026 |
| Robert W. Baird | Analyst unavailable | $150 | $145.52 | -11.9% | May 8, 2026 |
| Deutsche Bank | Analyst unavailable | $170 | $141.86 | -0.1% | May 8, 2026 |
| Wells Fargo | Analyst unavailable | $181 | $140.46 | +6.4% | May 8, 2026 |
| UBS | Analyst unavailable | $157 | $140.46 | -7.8% | May 8, 2026 |
| Oppenheimer | Jed Kelly | $180 | $141.66 | +5.8% | May 4, 2026 |
| UBS | Analyst unavailable | $153 | $142.84 | -10.1% | Apr 27, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $135 | $142.82 | -20.7% | Apr 27, 2026 |
| Tigress Financial | Ivan Feinseth | $185 | $131.4 | +8.7% | Apr 8, 2026 |
| D.A. Davidson | Tom White | $150 | $124.97 | -11.9% | Feb 17, 2026 |
| Morgan Stanley | Analyst unavailable | $120 | $120.37 | -29.5% | Feb 13, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $121 | $120.39 | -28.9% | Feb 13, 2026 |
| Wells Fargo | Analyst unavailable | $133 | $115.96 | -21.9% | Feb 13, 2026 |
| BMO Capital | Analyst unavailable | $140 | $115.96 | -17.7% | Feb 13, 2026 |
| Evercore ISI | Mark Mahaney | $145 | $115.96 | -14.8% | Feb 13, 2026 |
| Barclays | Trevor Young | $122 | $115.96 | -28.3% | Feb 13, 2026 |
| Deutsche Bank | Analyst unavailable | $154 | $115.96 | -9.5% | Feb 13, 2026 |
| Wedbush | Analyst unavailable | $130 | $120.61 | -23.6% | Feb 6, 2026 |
| UBS | Analyst unavailable | $149 | $131.31 | -12.5% | Feb 3, 2026 |
| UBS | Analyst unavailable | $130 | $136.79 | -23.6% | Jan 13, 2026 |
| Wells Fargo | Ken Gawrelski | $128 | $138.66 | -24.8% | Jan 9, 2026 |
| Barclays | Analyst unavailable | $120 | $138.66 | -29.5% | Jan 9, 2026 |
| Cantor Fitzgerald | Deepak Mathivanan | $141 | $137.04 | -17.2% | Jan 8, 2026 |
| Bernstein | Analyst unavailable | $162 | $136.7 | -4.8% | Jan 6, 2026 |
| Wedbush | Analyst unavailable | $135 | $134.69 | -20.7% | Dec 19, 2025 |
| RBC Capital | Brad Erickson | $170 | $132.01 | -0.1% | Dec 17, 2025 |
| Jefferies | Analyst unavailable | $165 | $123.61 | -3.0% | Dec 5, 2025 |
| Truist Financial | Analyst unavailable | $107 | $120.13 | -37.1% | Dec 4, 2025 |
| Wells Fargo | Ken Gawrelski | $118 | $116.98 | -30.7% | Dec 1, 2025 |
| D.A. Davidson | Tom White | $155 | $121.41 | -8.9% | Nov 14, 2025 |
| Mizuho Securities | Lloyd Walmsley | $156 | $121.56 | -8.3% | Nov 7, 2025 |
| Bernstein | Richard Clarke | $165 | $120.3 | -3.0% | Nov 7, 2025 |
| UBS | Lloyd Walmsley | $147 | $120.96 | -13.6% | Nov 7, 2025 |
| Mizuho Securities | Lloyd Walmsley | $151 | $122.92 | -11.3% | Sep 29, 2025 |
| BMO Capital | Brian Pitz | $124 | $119.18 | -27.1% | Aug 7, 2025 |
| Wells Fargo | Ken Gawrelski | $110 | $120.03 | -35.4% | Aug 7, 2025 |
| Barclays | Trevor Young | $105 | $130.5 | -38.3% | Aug 7, 2025 |
| Canaccord Genuity | Analyst unavailable | $180 | $123.3 | +5.8% | Apr 28, 2025 |
| Cantor Fitzgerald | Deepak Mathivanan | $101 | $112.64 | -40.7% | Apr 16, 2025 |
| UBS | Stephen Ju | $143 | $130.74 | -16.0% | Feb 4, 2025 |
| D.A. Davidson | Tom White | $131 | $115.08 | -23.0% | Nov 18, 2024 |
| Evercore ISI | Mark Mahaney | $155 | $133.82 | -8.9% | Nov 8, 2024 |
| Goldman Sachs | Eric Sheridan | $107 | $137.98 | -37.1% | Nov 8, 2024 |
| Jefferies | John Colantuoni | $135 | $137.19 | -20.7% | Oct 22, 2024 |
| Citigroup | Ronald Josey | $135 | $135.15 | -20.7% | Oct 17, 2024 |
| B.Riley Financial | Naved Khan | $140 | $135.15 | -17.7% | Oct 16, 2024 |
| Bernstein | Richard Clarke | $155 | $122.76 | -8.9% | Sep 17, 2024 |
| Mizuho Securities | James Lee | $170 | $117.36 | -0.1% | Sep 13, 2024 |
| Truist Financial | Patrick Scholes | $124 | $114.98 | -27.1% | Sep 4, 2024 |
| Jefferies | John Colantuoni | $120 | $114.98 | -29.5% | Sep 4, 2024 |
| D.A. Davidson | Tom White | $125 | $114.46 | -26.6% | Aug 8, 2024 |
| Truist Financial | Patrick Scholes | $134 | $112.2 | -21.3% | Aug 7, 2024 |
| Bank of America Securities | Justin Post | $132 | $113.97 | -22.4% | Aug 7, 2024 |
| Susquehanna | Shyam Patil | $130 | $113.01 | -23.6% | Aug 7, 2024 |
| Barclays | Trevor Young | $100 | $130.47 | -41.2% | Aug 7, 2024 |
| Morgan Stanley | Brian Nowak | $130 | $150.18 | -23.6% | Jul 23, 2024 |
| Argus Research | John Staszak | $170 | $146.63 | -0.1% | Jun 7, 2024 |
| Guggenheim | John Heinbockel | $85 | $147.55 | -50.1% | May 28, 2024 |
| Wedbush | Scott Devitt | $165 | $144.47 | -3.0% | May 28, 2024 |
| BMO Capital | Brian Pitz | $151 | $147.47 | -11.3% | May 9, 2024 |
| HSBC | Raymond Liu | $156 | $147.66 | -8.3% | May 9, 2024 |
| Deutsche Bank | Lee Horowitz | $148 | $148.92 | -13.0% | May 9, 2024 |
| Piper Sandler | Thomas Champion | $155 | $157.9 | -8.9% | May 9, 2024 |
| Mizuho Securities | James Lee | $200 | $162.02 | +17.5% | Apr 24, 2024 |
| Needham | Bernie McTernan | $190 | $164.74 | +11.6% | Apr 11, 2024 |
| B.Riley Financial | Naved Khan | $150 | $160.11 | -11.9% | Apr 3, 2024 |
| Wells Fargo | Ken Gawrelski | $163.29 | $162.94 | -4.1% | Apr 1, 2024 |
| Wells Fargo | Ken Gawrelski | $127 | $164.96 | -25.4% | Apr 1, 2024 |
| Truist Financial | Patrick Scholes | $118 | $147.89 | -30.7% | Feb 14, 2024 |
| Needham | Bernie McTernan | $135 | $116.18 | -20.7% | Nov 2, 2023 |
| Wedbush | Scott Devitt | $145 | $142.48 | -14.8% | Aug 4, 2023 |
| Needham | Bernie McTernan | $160 | $137.24 | -6.0% | Jul 11, 2023 |
| Wells Fargo | Ken Gawrelski | $99 | $115.5 | -41.8% | Jun 8, 2023 |
| Loop Capital Markets | Justin Patterson | $135 | $105.76 | -20.7% | May 15, 2023 |
| RBC Capital | Brad Erickson | $105 | $113.63 | -38.3% | May 10, 2023 |
| JMP Securities | Justin Patterson | $144 | $137.76 | -15.4% | Feb 15, 2023 |
| Wells Fargo | Brian Fitzgerald | $145 | $133.62 | -14.8% | Feb 15, 2023 |
| UBS | Lloyd Walmsley | $132.84 | $120.87 | -21.9% | Feb 15, 2023 |
| Goldman Sachs | Analyst unavailable | $87 | $98.31 | -48.9% | Jan 13, 2023 |
| Morgan Stanley | Brian Nowak | $80 | $89.78 | -53.0% | Dec 7, 2022 |
| RBC Capital | Brad Erickson | $110 | $97.84 | -35.4% | Nov 2, 2022 |
| Credit Suisse | Stephen Ju | $154 | $109.05 | -9.5% | Nov 2, 2022 |
| Robert W. Baird | Colin Sebastian | $125 | $109.05 | -26.6% | Nov 2, 2022 |
| Morgan Stanley | Brian Nowak | $110 | $94.41 | -35.4% | Nov 2, 2022 |
| Jefferies | John Colantuoni | $142 | $94.41 | -16.6% | Nov 2, 2022 |
| Mizuho Securities | James Lee | $125 | $94.41 | -26.6% | Nov 2, 2022 |
| Needham | Bernie McTernan | $150 | $94.41 | -11.9% | Nov 2, 2022 |
| Cowen & Co. | Kevin Kopelman | $125 | $109.05 | -26.6% | Nov 2, 2022 |
| KeyBanc | Justin Patterson | $142 | $109.05 | -16.6% | Nov 2, 2022 |
| Cowen & Co. | Kevin Kopelman | $125 | $94.41 | -26.6% | Nov 2, 2022 |
| Piper Sandler | Thomas Champion | $110 | $109.05 | -35.4% | Nov 1, 2022 |
| Piper Sandler | Thomas Champion | $110 | $109.05 | -35.4% | Nov 1, 2022 |
| J.P. Morgan | Doug Anmuth | $105 | $106.91 | -38.3% | Oct 31, 2022 |
| Tigress Financial | Ivan Feinseth | $160 | $101.42 | -6.0% | Sep 23, 2022 |
| Deutsche Bank | Lee Horowitz | $120 | $115.02 | -29.5% | Aug 4, 2022 |
| Morgan Stanley | Brian Nowak | $100 | $113.44 | -41.2% | Aug 3, 2022 |
| Credit Suisse | Stephen Ju | $165 | $116.34 | -3.0% | Aug 3, 2022 |
| Rosenblatt Securities | Barton Crockett | $60 | $110.98 | -64.7% | Aug 1, 2022 |
| Truist Financial | Naved Khan | $120 | $104.95 | -29.5% | Jul 26, 2022 |
| Evercore ISI | Mark Mahaney | $150 | $91.53 | -11.9% | Jul 14, 2022 |
| Truist Financial | Naved Khan | $160 | $109.44 | -6.0% | Jun 10, 2022 |
| Citigroup | Ronald Josey | $200 | $112.55 | +17.5% | May 20, 2022 |
| Robert W. Baird | Colin Sebastian | $210 | $121.45 | +23.4% | May 14, 2022 |
| Susquehanna | Shyam Patil | $190 | $143.09 | +11.6% | May 5, 2022 |
| HSBC | Raymond Liu | $213 | $156.18 | +25.2% | May 4, 2022 |
| Mizuho Securities | Analyst unavailable | $175 | $146.64 | +2.8% | May 4, 2022 |
| Evercore ISI | Mark Mahaney | $205 | $145 | +20.5% | May 4, 2022 |
| Barclays | Analyst unavailable | $170 | $145 | -0.1% | May 4, 2022 |
| Piper Sandler | Analyst unavailable | $174 | $145 | +2.2% | May 4, 2022 |
| KeyBanc | Justin Patterson | $195 | $145 | +14.6% | May 3, 2022 |
| Deutsche Bank | Lee Horowitz | $150 | $145.14 | -11.9% | Mar 13, 2022 |
| Citigroup | Jason Bazinet | $214 | $174.9 | +25.7% | Feb 20, 2022 |
| UBS | Lloyd Walmsley | $178 | $186.64 | +4.6% | Feb 16, 2022 |
| D.A. Davidson | Tom White | $235 | $186.64 | +38.1% | Feb 16, 2022 |
| Needham | Bernie McTernan | $220 | $186.64 | +29.3% | Feb 16, 2022 |
| Piper Sandler | Thomas Champion | $194 | $186.64 | +14.0% | Feb 16, 2022 |
| Credit Suisse | Stephen Ju | $185 | $186.64 | +8.7% | Feb 16, 2022 |
| Wells Fargo | Brian Fitzgerald | $250 | $186.64 | +46.9% | Feb 16, 2022 |
| Truist Financial | Naved Khan | $190 | $186.64 | +11.6% | Feb 16, 2022 |
| Barclays | Mario Lu | $185 | $186.64 | +8.7% | Feb 16, 2022 |
| Jefferies | John Colantuoni | $225 | $186.64 | +32.2% | Feb 16, 2022 |
| Wolfe Research | Deepak Mathivanan | $170 | $186.64 | -0.1% | Feb 16, 2022 |
| JMP Securities | Andrew Boone | $215 | $186.64 | +26.3% | Feb 16, 2022 |
| Mizuho Securities | James Lee | $205 | $180.07 | +20.5% | Feb 15, 2022 |
| RBC Capital | Brad Erickson | $175 | $180.07 | +2.8% | Feb 15, 2022 |
| Stifel Nicolaus | Scott Devitt | $205 | $180.07 | +20.5% | Feb 15, 2022 |
| Evercore ISI | Mark Mahaney | $215 | $169.66 | +26.3% | Feb 14, 2022 |
| UBS | Lloyd Walmsley | $162 | $169.53 | -4.8% | Feb 9, 2022 |
| Jefferies | John Colantuoni | $220 | $142.77 | +29.3% | Jan 29, 2022 |
| Cowen & Co. | Kevin Kopelman | $220 | $171.04 | +29.3% | Dec 13, 2021 |
| Susquehanna | Shyam Patil | $235 | $200.32 | +38.1% | Nov 8, 2021 |
| Loop Capital Markets | Rob Sanderson | $250 | $200.32 | +46.9% | Nov 8, 2021 |
| CFRA | Angelo Zino | $215 | $152.76 | +26.3% | Aug 13, 2021 |
| HSBC | Raymond Liu | $219 | $152.76 | +28.7% | Aug 13, 2021 |
| Canaccord Genuity | Michael Graham | $220 | $135.75 | +29.3% | May 13, 2021 |
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What changed
Revenue grew 18% YoY to $2.68B, beating the $2.62B consensus by 2.3%. EPS of $0.26 missed the $0.30 estimate by 14.5%. Gross booking value rose 19% YoY to $29B, above the high end of guidance. Reserve Now Pay Later reached ~20% of global GBV and is expanding to desktop and new markets. AI now generates nearly 60% of Airbnb's code; 40% of support issues are AI-resolved. World Cup generated 100,000 incremental new listings, with 50%+ retained after six months. Over 55% of guests who book a hotel on Airbnb subsequently book a home. Full-year revenue growth outlook raised to low-mid-teens; minimum 35% adjusted EBITDA margin reaffirmed.
Guidance delta
Management raised full-year revenue growth outlook to low-mid-teens and reaffirmed a minimum 35% adjusted EBITDA margin. Capex outlook remains stable. Guidance sentiment was characterized as raised, with management citing continued momentum in expansion markets and new ancillary offerings.
Key takeaways
- Revenue and GBV both beat guidance; full-year revenue growth outlook raised to low-mid-teens.
- Reserve Now Pay Later now accounts for roughly 20% of global GBV and is expanding globally.
- AI is cutting costs (10% lower cost per booking) and accelerating feature delivery, with 40% of support issues resolved by AI.
- Hotel pilots are scaling rapidly, delivering double-digit growth versus the broader business.
- Big-event strategy (World Cup, Olympics) is driving host acquisition and brand awareness.
Management priorities
- May 20 summer release featuring new AI-driven features and product updates.
- Further rollout of Reserve Now Pay Later to desktop and additional markets.
- Expansion of boutique and independent hotel inventory with enhanced merchandising.
- Continued development of ancillary services (grocery via Instacart, potential car and air travel offerings).
- Ongoing AI investments to improve search relevance, listing creation, and operational efficiency.
Related earnings events
Consumer CyclicalSources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-07-29T06:32:06.202486+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-29T06:32:06.199612+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 . For educational purposes only; not investment advice.