Q3 25 EPS
$2.21
MISS 4.75%
Est. $2.32
Q3 25 Revenue
$4.10B
BEAT +0.38%
Est. $4.08B
vs S&P Since Q3 25
+4.3%
BEATING MARKET
ABNB +11.7% vs S&P +7.4%
Market Reaction
Did ABNB Beat Earnings? Q3 2025 Results
Airbnb posted a mixed third quarter for fiscal 2025, delivering on revenue while falling short on the bottom line. Revenue of $4.09 billion edged past the $4.08 billion consensus by 0.38% and grew 9.7% year-over-year, landing at the high end of guida… Read more Airbnb posted a mixed third quarter for fiscal 2025, delivering on revenue while falling short on the bottom line. Revenue of $4.09 billion edged past the $4.08 billion consensus by 0.38% and grew 9.7% year-over-year, landing at the high end of guidance. Earnings per share, however, came in at $2.21, missing the $2.32 consensus by 4.75%, weighed down by a $213 million valuation allowance against deferred tax assets tied to Corporate Alternative Minimum Tax credits that pressured net income despite stronger top-line results. On the operational side, Gross Booking Value accelerated to $22.90 billion, up 14% year-over-year, while Nights and Seats Booked reached 133.6 million, growing 9% and exceeding management expectations. Looking ahead, Airbnb guided Q4 revenue of $2.66 billion to $2.72 billion, representing 7% to 10% growth, though it warned that Q4 Adjusted EBITDA could come in flat-to-down slightly as the company channels roughly $200 million into its expanding services and experiences business.
Key Takeaways
- • Reserve Now, Pay Later launch drove acceleration in North America bookings
- • App bookings grew 17% year-over-year, reaching 62% of total nights booked vs 58% prior year
- • ADR increased 5% year-over-year to $171, benefiting from FX tailwinds and price appreciation
- • International expansion markets growing at twice the rate of core markets
- • Interest-free installment plans in Brazil drove bookings value share to nearly 50% in Q3
- • Active listings grew approximately in-line with Nights and Seats Booked
ABNB YoY Financials
Q3 2025 vs Q3 2024, 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% |