Q3 23 EPS
$6.63
BEAT +238.27%
Est. $1.96
Q3 23 Revenue
$3.40B
BEAT +6.88%
Est. $3.18B
vs S&P Since Q3 23
-45.3%
TRAILING MARKET
ABNB +22.0% vs S&P +67.3%
Market Reaction
Did ABNB Beat Earnings? Q3 2023 Results
Airbnb delivered a decisive beat in Q3 2023, posting earnings per share of $6.63 against a consensus estimate of $1.96, a 238.27% positive surprise, while revenue of $3.40 billion topped the $3.18 billion estimate by 6.88% and grew 17.8% year-over-ye… Read more Airbnb delivered a decisive beat in Q3 2023, posting earnings per share of $6.63 against a consensus estimate of $1.96, a 238.27% positive surprise, while revenue of $3.40 billion topped the $3.18 billion estimate by 6.88% and grew 17.8% year-over-year. The headline EPS figure was heavily influenced by a $2.80 billion one-time, non-cash tax benefit from the release of a valuation allowance on deferred tax assets; stripping that out, adjusted net income of $1.60 billion still reflected meaningful operational progress, supported by 113.2 million Nights and Experiences Booked, up 14% year-over-year. Adjusted EBITDA reached $1.83 billion, expanding margin to 54% from 51% a year ago, as expense discipline across most cost categories allowed revenue growth to fall through to the bottom line. With rival travel platforms also reporting robust demand, particularly in Asia-Pacific and Latin America, the broader travel environment remained a tailwind. Looking ahead, management guided Q4 revenue of $2.13 billion to $2.17 billion, implying 12-14% growth, while targeting full-year adjusted EBITDA margin roughly 150 basis points above 2022 levels.
Key Takeaways
- • Strong travel demand with 113.2 million Nights and Experiences Booked, up 14% YoY
- • Active listings grew 19% YoY with over 7 million active listings
- • Gross Booking Value of $18.3 billion, up 17% YoY
- • ADR of $161, up 3% YoY
- • Expense discipline with all operating expenses (ex-SBC) growing slower than revenue except G&A
- • Interest income of $192 million, up from $59 million in Q3 2022
- • FX tailwind contributed approximately 4 percentage points to revenue growth
- • Cross-border nights booked grew 17% YoY
- • App bookings increased to 53% of gross nights booked from 48% in Q3 2022
ABNB YoY Financials
Q3 2023 vs Q3 2022, 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% |