Airbnb Posts Record Q3 Revenue as Travel Demand Surges
Airbnb's stock climbed 5% in extended trading after reporting record third-quarter revenue of $4.1 billion, a 10% year-over-year increase. The travel platform's gross booking value jumped 14% to $22.9 billion, signaling robust global demand despite macroeconomic headwinds.
Net income ROSE 4% to $1.4 billion, with adjusted EBITDA margins reaching a company-record 50%. The strong performance was driven by U.S. market resilience and strategic expansions in Latin America and Asia, complemented by new AI-powered features enhancing user experience.
Investors shrugged off a slight EPS miss ($2.21 vs. $2.31 estimates) as the company guided Q4 revenue between $2.66 billion and $2.72 billion. The results underscore the enduring shift toward alternative accommodations in the post-pandemic travel landscape.
