Airbnb (ABNB) earnings Q1 2026
Brian Chesky, co-founder and chief government officer of Airbnb Inc., throughout a information convention in Los Angeles, California, US, on Wednesday, May 1, 2024.
Eric Thayer | Bloomberg | Getty Images
Airbnb reported combined first-quarter outcomes after the bell on Thursday and warned of regional weak spot spurred by the conflict in Iran.
Here’s how the corporate did versus the LSEG estimates:
- Earnings per share: 26 cents vs. 29 cents anticipated
- Revenue: $2.68 billion vs. $2.62 billion anticipated
Revenue grew 18% in the course of the quarter from $2.27 billion final 12 months. Net earnings elevated to $160 million, or 26 cents per share, from $154 million, or 24 cents per share, final 12 months.
For the present quarter, Airbnb issued an upbeat forecast, calling for income between $3.54 billion and $3.60 billion. Analysts anticipated $3.46 billion in income. The firm lifted income steerage for the 12 months to “low to mid teens” development from a 12% forecast.
Like many journey and airline corporations, Airbnb is feeling the stress from the Iran conflict, which has spiked oil costs, canceled flights, and fueled widespread regional uncertainty.
The firm expects a 100-basis-point headwind to nights and seats booked within the second quarter, and a deceleration relative to the primary quarter, as a result of conflict.
“We remain optimistic about our continued momentum, even as we face tougher comparisons in the back half of this year against the rollout of Reserve Now, Pay Later in 2025 and current headwinds from the Middle East conflict,” the corporate wrote in a letter to shareholders.
During the quarter, Airbnb mentioned the Middle East battle contributed to “slightly elevated” cancellations in Europe, the Middle East, Africa and Asia Pacific areas. However, the homestay platform mentioned it is seeing a “similar dynamic” to final 12 months’s tariff threats, which led to “softness” amongst some North American areas however an uptick in journey elsewhere.
“We have millions of homes, everywhere in the world, at every price point, and that’s something most travel companies can’t replicate,” Airbnb wrote. “It’s a core reason we’re able to deliver consistent results, even in challenging environments.”
Gross reserving worth, which tracks host earnings, service charges, cleansing charges and taxes, elevated 19% to $29.2 billion, topping a $27.82 billion estimate from analysts.
Nights and seats booked grew 9% to 156.2 million, surpassing LSEG’s 155.77 million estimate. Airbnb additionally reported its highest first-time booker development since 2022, spurred by new enlargement markets corresponding to Brazil, Japan and India.
Airbnb can be gearing up for a busy summer season season, with the upcoming FIFA World Cup slated for 16 cities throughout Canada, Mexico, and the US
The firm mentioned it plans to host probably the most visitors it has ever hosted for an occasion and that over 100,000 properties have joined the platform since outreach started in October. In February, Airbnb launched a $750 incentive program for brand new hosts to satisfy demand for the event.
Airbnb mentioned the Milano Cortina Olympics and Paralympic Games earlier this 12 months lured about 200,000 visitors, and provide within the host market rose by practically a 3rd.
Airbnb reported $519 million in adjusted EBITDA, which exceeded a $485 million estimate from LSEG.
