Airbnb (NASDAQ:ABNB) Announces Earnings Results

Airbnb (NASDAQ:ABNB) issued its earnings results on Thursday. The company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.10), FiscalAI reports. The business had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.71 billion. Airbnb had a net margin of 20.51% and a return on equity of 30.96%. The business’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 EPS.

Here are the key takeaways from Airbnb’s conference call:

• Airbnb reported a strong Q4 with revenue up 12% to $2.8B, GBV up 16% to $20.4B, nights/seats booked +10%, and guided 2026 revenue growth to at least low double digits — signaling reaccelerating marketplace momentum.
• The company attributes the acceleration to “Project Y” product improvements — notably Reserve Now, Pay Later, upfront total pricing, and simpler fees — which the CFO said added ~200 bps to nights and ~300 bps to GBV in Q4 and drove “hundreds of millions” in 2025 revenue.
• Airbnb is scaling AI across the business (a custom agent already resolves ~1/3 of North American support issues), hired AI CTO Ahmad Al‑Dahle, and expects AI to raise support efficiency, product velocity, and host/guest experience without large capex.
• Management is expanding supply and new businesses — targeted country plays (e.g., Brazil), event-driven supply (Paris Olympics, 2026 World Cup), hotels, services and experiences — which widens TAM but remains early and execution-dependent.
• Financials and capital return remain strong: Q4 adjusted EBITDA margin was 28%, 2025 free cash flow was $4.6B (38% of revenue), the company ended Q4 with ~$11B cash and repurchased $3.8B of stock in 2025 (reducing diluted shares ~9%).

Airbnb Price Performance

Shares of Airbnb stock opened at $121.35 on Friday. The firm has a market cap of $74.70 billion, a price-to-earnings ratio of 30.04, a price-to-earnings-growth ratio of 1.79 and a beta of 1.15. The stock’s 50-day moving average is $131.25 and its 200-day moving average is $126.26. Airbnb has a one year low of $99.88 and a one year high of $163.93.

Key Airbnb News

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Q4 revenue beat and stronger-than-expected Q1 revenue outlook driven by premium bookings and accelerating bookings/GBV — the topline and guidance are the main bullish catalysts supporting the rally. Airbnb forecasts revenue above estimates (Reuters)
• Positive Sentiment: AI adoption: Airbnb says about one-third of U.S. & Canada customer support is now handled by its custom AI agent, with plans to scale globally — signals potential structural cost savings and better service scale over time. Airbnb AI handles one-third of support (TechCrunch)
• Neutral Sentiment: Mixed quarter: EPS missed consensus ($0.56 vs. $0.66) even as revenue rose ~13% Y/Y — positive demand trends but margin/investment-driven profit pressure creates a binary outcome depending on execution. Q4 earnings miss, revenues rise (Zacks)
• Neutral Sentiment: Analyst reactions remain mixed — some price-target trims but continued buy/support from select firms; consensus still around a Hold with varied upside estimates, so analyst flow may moderate near-term momentum. Analyst notes and price target moves (Benzinga)
• Neutral Sentiment: Short-interest reporting appears anomalous (0 shares / NaN changes) — likely a data/reporting error rather than a genuine change in short positioning, so limited informational value for trading.
• Negative Sentiment: Insider selling: Director/co‑founder Joseph Gebbia sold 58,000 shares (~$7.0M at ~$121.15) — repeated insider sales can weigh on near-term sentiment even if for diversification. Joseph Gebbia insider sale (SEC filing)
• Negative Sentiment: Institutional rebalancing: ARK (Cathie Wood) reduced Airbnb exposure in recent days, a visible high-profile sale that can amplify negative headlines even if not fundamental. ARK reduces Airbnb position (Blockonomi)

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ABNB. Royal Bank Of Canada restated an “outperform” rating on shares of Airbnb in a report on Wednesday, January 14th. BTIG Research restated a “neutral” rating on shares of Airbnb in a report on Friday, November 7th. BMO Capital Markets increased their target price on shares of Airbnb from $130.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Airbnb in a report on Wednesday, January 21st. Finally, Truist Financial raised their price objective on Airbnb from $104.00 to $107.00 and gave the stock a “sell” rating in a research note on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Airbnb currently has an average rating of “Hold” and a consensus target price of $148.88.

Insider Transactions at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 2,565 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $134.79, for a total value of $345,736.35. Following the sale, the chief technology officer owned 165,086 shares in the company, valued at approximately $22,251,941.94. The trade was a 1.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joseph Gebbia sold 58,000 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $121.15, for a total value of $7,026,700.00. Following the transaction, the director directly owned 402,015 shares of the company’s stock, valued at approximately $48,704,117.25. This trade represents a 12.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,027,422 shares of company stock worth $127,060,208 in the last 90 days. 27.91% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Airbnb

Large investors have recently modified their holdings of the business. FORA Capital LLC increased its position in shares of Airbnb by 217.4% in the fourth quarter. FORA Capital LLC now owns 68,057 shares of the company’s stock valued at $9,237,000 after acquiring an additional 46,617 shares during the last quarter. Transamerica Financial Advisors LLC raised its stake in shares of Airbnb by 143.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after purchasing an additional 112 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in shares of Airbnb in the 4th quarter valued at approximately $1,158,000. Fortis Capital Management LLC grew its stake in shares of Airbnb by 9.0% in the fourth quarter. Fortis Capital Management LLC now owns 7,255 shares of the company’s stock valued at $985,000 after buying an additional 596 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in Airbnb by 182.4% during the fourth quarter. Marshall Wace LLP now owns 215,148 shares of the company’s stock worth $29,200,000 after buying an additional 476,109 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Company Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.