Q3 21 EPS
$1.22
BEAT +62.67%
Est. $0.75
Q3 21 Revenue
$2.24B
BEAT +9.10%
Est. $2.05B
vs S&P Since Q3 21
-75.3%
TRAILING MARKET
ABNB -21.5% vs S&P +53.8%
Market Reaction
Did ABNB Beat Earnings? Q3 2021 Results
Airbnb delivered a blowout third quarter, posting earnings per share of $1.22 against a consensus estimate of $0.75, a beat of 62.67%, while revenue of $2.24 billion topped the $2.05 billion estimate by 9.10% and surged 66.7% year-over-year. The stan… Read more Airbnb delivered a blowout third quarter, posting earnings per share of $1.22 against a consensus estimate of $0.75, a beat of 62.67%, while revenue of $2.24 billion topped the $2.05 billion estimate by 9.10% and surged 66.7% year-over-year. The standout result was driven primarily by a powerful combination of surging travel demand and significantly higher Average Daily Rates, with ADR reaching approximately $149, as guests gravitated toward entire homes, North American destinations, and non-urban markets. Net income reached $833.89 million, up 280% year-over-year, while Adjusted EBITDA hit $1.10 billion on a 49% margin, reflecting disciplined cost management even as sales and marketing spend rose sharply to support brand campaigns. The quarter also underscored a structural shift in travel behavior, with long-term stays of 28 or more days growing to 20% of gross nights booked. Looking ahead, management guided Q4 2021 revenue of $1.39 billion to $1.48 billion, with Thanksgiving week bookings running 40% above 2019 levels, pointing to continued momentum well into 2022, even as competitors like Vrbo accelerate their own recovery strategies.
Key Takeaways
- • Strong travel rebound driven by increased vaccination rates and relaxation of travel restrictions
- • Significantly higher Average Daily Rates (ADR) up 33% vs Q3 2019 driven by mix shift to North America, entire homes, and non-urban destinations
- • Continued expense discipline with improved cost structure yielding 49% Adjusted EBITDA margin
- • Geographic mix favoring higher-ADR regions (North America and Europe) driving strong unit economics
- • Long-term stays of 28+ days accounted for 20% of gross nights booked, up from 14% in Q3 2019
- • Cross-border travel recovery to 33% of gross nights booked in Q3, up from 20% in Q1
ABNB YoY Financials
Q3 2021 vs Q3 2020, source: SEC Filings
ABNB Earnings Trends
ABNB vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ABNB EPS Trend
Earnings per share: estimate vs actual
ABNB Revenue Trend
Quarterly revenue: estimate vs actual
ABNB Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 MISS FY | $0.66 | $0.56 | -15.15% | $2.78B | +2.49% |
| FY Full Year | $4.13 | $4.03 | -2.41% | $12.24B | +0.55% |
| Q3 25 MISS | $2.32 | $2.21 | -4.75% | $4.10B | +0.38% |
| Q2 25 BEAT | $0.94 | $1.03 | +9.49% | $3.10B | +2.18% |
| Q1 25 BEAT | $0.23 | $0.24 | +2.96% | $2.27B | +0.53% |
| Q3 23 BEAT | $1.96 | $6.63 | +238.27% | $3.40B | +6.88% |
| Q4 22 BEAT FY | $0.25 | $0.48 | +92.00% | $1.90B | +2.18% |
| FY Full Year | — | $2.79 | — | $8.40B | — |
| Q2 22 | $0.44 | — | — | — | — |
| Q3 21 BEAT | $0.75 | $1.22 | +62.67% | $2.24B | +9.10% |