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Inferra AI / Company / ABNB

Airbnb

ABNB · Consumer Discretionary

Last earnings Aug 6, 2026  ·  Next earnings Nov 5, 2026

Key results

Revenuequarter

$3.1B

htm EX-99.1 EX-99.1 Exhibit 99.1 Q2 2025 Revenue Key Financial $3.1B Measures 13% Y/Y 13% Y/Y (ex-FX) Net Income $642M 21% Net income margin Adjusted EBITDA* $1.0B 34% Adjusted EBITDA Margin Free Cash $1.0B Flow ( FCF )* 31% FCF Margin Trailing Twelve Month $4.3B TTM ( TTM ) FCF* 37% TTM FCF Margin Gross Booking Key Business $23.5B Value ( GBV ) Metrics 11% Y/Y 9% Y/Y (ex-FX) Nights and 134.4M Seats Booked 7% Y/Y *A reconciliation of non-GAAP financial measures to the most comparable GAAP measures is provided at the end of this letter.

SEC original ↗Airbnb — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Net incomequarter

$642M

htm EX-99.1 EX-99.1 Exhibit 99.1 Q2 2025 Revenue Key Financial $3.1B Measures 13% Y/Y 13% Y/Y (ex-FX) Net Income $642M 21% Net income margin Adjusted EBITDA* $1.0B 34% Adjusted EBITDA Margin Free Cash $1.0B Flow ( FCF )* 31% FCF Margin Trailing Twelve Month $4.3B TTM ( TTM ) FCF* 37% TTM FCF Margin Gross Booking Key Business $23.5B Value ( GBV ) Metrics 11% Y/Y 9% Y/Y (ex-FX) Nights and 134.4M Seats Booked 7% Y/Y *A reconciliation of non-GAAP financial measures to the most comparable GAAP measures is provided at the end of this letter.

SEC original ↗Airbnb — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Growthquarter

up 13%

Q2 2025 Financial Results Here s a snapshot of our Q2 2025 results: Q2 revenue was $3.1 billion, up 13% year-over-year.

SEC original ↗Airbnb — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Revenue increased to $3.1 billion in Q2 2025 from $2.7 billion in Q2 2024, primarily driven by solid growth in nights stayed, a slight increase in Average Daily Rate ( ADR ), and the timing of Easter.

SEC original ↗Airbnb — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Q2 net income grew 16% Y/Y to $642 million, representing a 21% net income margin.

SEC original ↗Airbnb — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Net income increased 16% to $642 million in Q2 2025, up from $555 million in Q2 2024 primarily due to higher revenue.

SEC original ↗Airbnb — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Adjusted EBITDA increased 17% to $1.0 billion in Q2 2025, up from $894 million in Q2 2024 1 primarily due to higher revenue.

SEC original ↗Airbnb — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Free cash flowquarter

$1.0 billion

3 Q2 Free Cash Flow was $1.0 billion, representing a FCF Margin of 31%.

SEC original ↗Airbnb — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Revenue of $3.1 billion in Q2 2025 represented a year-over-year increase of 13%, which was primarily driven by solid growth in nights stayed, a slight increase in ADR, and the timing of Easter compared to 2024.

SEC original ↗Airbnb — Earnings release (8-K exhibit)EX-99Aug 6, 2025

AI analysis

Q2 2025 · reported Aug 6, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Revenue · Q2 2025
$3.1B
EX-99 · Aug 6, 2025
Free cash flow · Q2 2025
$1.0B
EX-99 · Aug 6, 2025
Net income · Q2 2025
$642M
EX-99 · Aug 6, 2025

Headline figures

MetricQ2 2025Prior qtrYear ago
Revenue$3.1B——
Net income$642M——
Growthup 13%——
Free cash flow$1.0 billion——

EX-99 · Aug 6, 2025

Guidance · company-stated

Direction: Reiterated

Margin

“For 2025, consistent with our prior guidance, we expect to deliver a full-year Adjusted EBITDA Margin of at least 34.5%, maintaining our strong track record of profitability while making meaningful investments behind future growth levers.”

Classified from the release's primary full-year outlook statement.

Next earningsNov 5, 2026Verified from the company’s own announcement

Cash flow & capex

Free cash flow$1.0B

Capital allocation

Q2 share repurchases of $1.0 billion.

Our strong cash flow enabled us to repurchase $1.0 billion of our Class A common stock in Q2 2025.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Airbnb Q2 2025 — htm EX-99.1 EX-99.1 Exhibit 99.1 Q2 2025 Revenue Key Financial $3.1B Measures 13% Y/Y 13% Y/Y (ex-FX) Net Income $642M 21% Net income margin Adjusted EBITDA* $1.0B 34% Adjusted EBITDA Margin Free Cash…

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Reiterated

Margin: “For 2025, consistent with our prior guidance, we expect to deliver a full-year Adjusted EBITDA Margin of at least 34.5%, maintaining our strong track record of profitability while making meaningful investments behind future growth levers.”

Margin — Reiterated (“maintaining”)
“For 2025, consistent with our prior guidance, we expect to deliver a full-year Adjusted EBITDA Margin of at least 34.5%, maintaining our strong track record of profitability while making meaningful investments behind future growth levers.”

Classified from the release's primary full-year outlook statement.

Capital allocation

Q2 share repurchases of $1.0 billion.

SEC original ↗Airbnb — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Our strong cash flow enabled us to repurchase $1.0 billion of our Class A common stock in Q2 2025.

SEC original ↗Airbnb — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Share repurchases for the trailing twelve months totaling $3.7 billion helped us reduce our fully diluted share count from 673 million at the end of Q2 2024 to 652 million at the end of Q2 2025.

SEC original ↗Airbnb — Earnings release (8-K exhibit)EX-99Aug 6, 2025

As of June 30, 2025, we had the authorization to purchase up to $1.5 billion of our Class A common stock under our current share repurchase plan and today, we re announcing a new share repurchase program with authorization to purchase up to an additional $6 billion of our Class A common stock.

SEC original ↗Airbnb — Earnings release (8-K exhibit)EX-99Aug 6, 2025

14 Shares (M) We repurchased $1.0 billion of Class A common stock during Q2 2025 to help manage the impact of share dilution.

SEC original ↗Airbnb — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Capital Allocation During Q2 2025, we repurchased $1.0 billion of our Class A common stock.

SEC original ↗Airbnb — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Strategy & priorities

We continued executing on our multi-year strategy to perfect our core service, accelerate growth in global markets, and launch and scale new offerings.

SEC original ↗Airbnb — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Accelerate growth in global markets: For six consecutive quarters, nights booked on an origin basis in our expansion markets have grown at about twice the rate of our core markets.

SEC original ↗Airbnb — Earnings release (8-K exhibit)EX-99Aug 6, 2025

This sustained growth is a result of our focus on achieving product-market fit, increasing brand awareness, and driving traffic in key countries.

SEC original ↗Airbnb — Earnings release (8-K exhibit)EX-99Aug 6, 2025

However, we anticipate that Adjusted EBITDA Margin during Q3 2025 will be lower than in Q3 2024, primarily due to investments in new growth and policy initiatives.

SEC original ↗Airbnb — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Following the launch, Airbnb executives traveled around the world, visiting priority markets to amplify the news locally.

SEC original ↗Airbnb — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Risks & headwinds

Despite global economic uncertainty early in the quarter, travel demand picked up, and nights booked on Airbnb accelerated from April to July.

SEC original ↗Airbnb — Earnings release (8-K exhibit)EX-99Aug 6, 2025

9 Following broader macro uncertainty earlier in the quarter, we saw an improvement in travel demand across North America.

SEC original ↗Airbnb — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Such statements are subject to a number of known and unknown risks, uncertainties, assumptions, and other factors that may cause the Company s actual results, performance, or achievements to differ materially from results expressed or implied in this letter.

SEC original ↗Airbnb — Earnings release (8-K exhibit)EX-99Aug 6, 2025

The contingent consideration, which was in the form of equity, was valued as of the acquisition date and is marked-to-market at each reporting period based on factors including our stock price; Adjusted EBITDA does not reflect lodging taxes for which we may have joint and several liability with hosts for collecting and remitting such taxes, withholding taxes on payments made to such hosts, and any related settlements and transactional taxes where there is significant uncertainty as to how the taxes apply to our platform; and Adjusted EBITDA does reflect stock-settlement obligations, which represent employer and related taxes related to the 2020 IPO.

SEC original ↗Airbnb — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Legal Proceedings 35 Item 1A.

SEC original ↗Airbnb — 10-Q Quarterly report10-QAug 6, 2026

The outcome of the events described in these forward-looking statements is subject to risks, uncertainties, and other factors listed or described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 and any subsequent filings.

SEC original ↗Airbnb — 10-Q Quarterly report10-QAug 6, 2026

Competitors

Competitors & peers

Named in the company’s own filings

Booking Holdings (BKNG)“Gross Booking Value ( GBV ) generally follows the same seasonal trends as Nights and Seats Booked.”Expedia Group (EXPE)“Our competitors include: online travel agencies ( OTAs ), such as Booking Holdings (including the brand Booking.com), Expedia Group (including the brands Expedia and VRBO), Trip.com Group, and other regional OTAs; internet search engines, such as Google and those powered by AI, including its travel search products; hotel chains, such as Marriott, Hilton, Accor, and Wyndham, as well as boutique hot”
Documents

Filings

37 documents

Earnings releases

13 documents

Presentations

0 documents

No presentations for Airbnb are held in this edition of the library.

Transcripts

0 documents

No transcripts for Airbnb are held in this edition of the library.

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