Airbnb’s reported fourth-quarter revenue beat analysts' expectations and offered strong guidance for 2026.
The company’s revenue grew 12% year-over-year to US$2.8 billion, exceeding analysts' expectations of $2.72 billion. Airbnb has beaten Wall Street revenue expectations for 20 of the past 21 quarters, according to FactSet.
However, the vacation rental company’s net revenue fell to $341 million, or 56 cents per share, from $461 million or 73 cents per share, a year earlier.
This was also lower than the 66 cents per share expected by analysts.
Airbnb has attributed the lower figure to $90 million of non-income tax matters and planned investments in new growth and policy initiatives.
Gross booking value, which is used to report host earnings, service fees, cleaning fee and taxes, rose 16% year-over-year to $20.4 billion and beat expectations of $19.4 billion.
It also reported 121.9 million nights and seats booked in the fourth quarter, up 10% from last year.
Looking ahead to 2026, the company said its not just “maintaining momentum” its “accelerating”.
For the first quarter, the company expects revenue of $2.59 billion to $2.63 billion, representing year-over-year growth of 14% to 16%.
As for the full year, Airbnb expects revenue to grow to at least the low double digits.
The company said this would be driven by sustained strength in its core business, healthy demand and continued execution across all key growth initiatives.
At the time of writing, Airbnb (NASDAQ: ABNB) shares lost 3% to $115.96, but grew 1.89% in after-market trading to $118.15. The company’s market cap is $71.38 billion.
