Q1 25 EPS
$0.24
BEAT +2.96%
Est. $0.23
Q1 25 Revenue
$2.27B
BEAT +0.53%
Est. $2.26B
vs S&P Since Q1 25
-6.5%
TRAILING MARKET
ABNB +20.7% vs S&P +27.2%
Market Reaction
Did ABNB Beat Earnings? Q1 2025 Results
Airbnb opened 2025 on firm footing, posting first-quarter results that edged past Wall Street expectations on both the top and bottom lines despite a handful of structural headwinds. Revenue grew 6.1% year-over-year to $2.27 billion, nudging past the… Read more Airbnb opened 2025 on firm footing, posting first-quarter results that edged past Wall Street expectations on both the top and bottom lines despite a handful of structural headwinds. Revenue grew 6.1% year-over-year to $2.27 billion, nudging past the $2.26 billion consensus, while adjusted EPS came in at $0.24, topping the $0.23 estimate by 2.96%. The headline growth figure understates the underlying momentum; calendar effects from Easter timing and the prior year's Leap Day shaved roughly three percentage points off reported revenue growth, and on a constant-currency basis excluding those factors, growth would have clocked in at 11%. Nights and Experiences Booked climbed 8% to 143.1 million, and free cash flow reached a commanding $1.78 billion. Net income, however, fell to $154 million from $264 million a year ago, pressured by higher stock-based compensation and investment write-downs. Looking ahead, Airbnb guided second-quarter revenue to $2.99 billion to $3.05 billion, representing 9% to 11% growth, and is preparing to unveil an expansion into entirely new service categories, including bookable chefs and personal trainers, that management is billing as its most significant strategic pivot since the pandemic.
Key Takeaways
- • Nights and Experiences Booked grew 8% year-over-year to 143.1 million
- • App bookings increased 17% year-over-year, accounting for 58% of total nights booked (up from 54%)
- • Excluding North America, Nights and Experiences Booked grew 11% year-over-year
- • Expansion markets average growth rate was more than twice that of core markets in Q1 2025
- • Active listings continued to grow approximately in-line with Nights and Experiences Booked
- • Cross-currency booking service fee introduced in Q2 2024 contributing to take rate
- • Gross Booking Value of $24.5 billion, up 7% year-over-year (9% ex-FX)
ABNB YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
“We had a strong start to 2025. In Q1, guests spent nearly $25 billion on Airbnb. Our results show that no matter what's happening in the world, people continue to choose Airbnb. That's because our model is inherently adaptable.”
— Brian Chesky, Q1 2025 Earnings Press Release
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% |