Airbnb Q1 2026 Results: Revenue Beats, EPS Misses
Airbnb Q1 2026 Results revenue beat while EPS missed; Middle East cancellations cut near-term nights growth and management raised FY revenue outlook.
KEY TAKEAWAYS
- Q1 revenue topped estimates at $2.7B, up 18.0% year on year.
- EPS missed at $0.26 versus $0.29-$0.31 consensus.
- Company raised FY revenue-growth to low-to-mid teens and guided Q2 revenue $3.5-$3.6B.
HIGH POTENTIAL TRADES SENT DIRECTLY TO YOUR INBOX
Add your email to receive our free daily newsletter. No spam, unsubscribe anytime.
Airbnb Inc. reported Q1 2026 results on May 7, beating revenue estimates while missing earnings per share. The company said elevated cancellations linked to the Iran war would modestly slow growth in nights booked during the second quarter.
Quarter Results and Outlook
Airbnb’s first-quarter revenue reached $2.7 billion, up 18.0% year over year and above the $2.62 billion consensus. Net income rose to $160 million from $154 million a year earlier, while earnings per share were $0.26, below the $0.29–$0.31 consensus. Gross booking value increased 19.0% to $29.2 billion, and nights and seats booked grew 9.0% to 156 million, reflecting gains in both transaction volume and booking value.
For the second quarter, the company guided revenue between $3.5 billion and $3.6 billion, implying 14.0% to 16.0% growth and exceeding the $3.46 billion consensus. It expects gross booking value growth in the low double digits and raised its full-year revenue growth target to the low-to-mid teens. Airbnb also set an adjusted EBITDA margin goal of at least 35.0% for 2026. The company posted a shareholder letter outlining this outlook on its investor site.
Middle East Travel Disruptions and Impact
Management reported elevated cancellations in Europe, the Middle East and Africa, and Asia-Pacific following late-February U.S. and Israel attacks on Iran and subsequent airspace closures. Flight-path changes and temporary travel restrictions through hubs such as Dubai contributed to the regional decline in reservations.
Airbnb expects growth in nights and seats booked to slow in the second quarter compared with the prior three months, estimating the Middle East disruptions will reduce growth by about 100 basis points. U.S. travel accounted for roughly 30.0% of room nights, and reserve-now-pay-later bookings made up about 20.0% of global bookings, factors that management said support demand. The company also highlighted expanding adoption in Brazil, Japan, and India as further support for its raised full-year outlook.
