Overview
- Airbnb beat Q4 revenue expectations with $2.78 billion but missed on EPS at $0.56 as a $90 million non-income tax charge and higher growth spending weighed on profit.
- The company guided Q1 revenue to $2.59–$2.63 billion and projected full-year revenue growth of at least low double digits, while signaling no adjusted margin expansion in 2026.
- Airbnb’s demand stayed firm with 121.9 million nights and seats booked in Q4, up 10% year over year, and gross booking value rising 16% to $20.4 billion.
- Airbnb is piloting boutique and independent hotels in New York, Los Angeles, San Francisco and Madrid, reporting faster hotel-night growth than the platform average, and is prioritizing AI under new CTO Ahmad Al-Dahle with early tests of AI-powered search.
- Expedia topped Q4 estimates with $3.54 billion in revenue and $3.78 adjusted EPS, forecast 2026 gross bookings of $127–$129 billion and revenue of $15.6–$16.0 billion, highlighted 24% B2B bookings growth, and cautioned that full-year margin gains will be muted despite a stronger Q1.