Airbnb surges despite Q3 EPS miss, expects wider FY margins

[House keys against swimming pool]
Klaus Vedfelt

Airbnb (ABNB [https://seekingalpha.com/symbol/ABNB]) stock price pushed 5.4% higher on Thursday during after-market hours of trading after the company reported its Q3 results [https://seekingalpha.com/news/4517763-airbnb-gaap-eps-of-2_21-misses-by-0_11-revenue-of-4_09b-beats-by-10m].

The rental accommodations company posted adjusted EBITDA of $2.1 billion, with a margin of 50% and net income of $1.4 billion. Airbnb (ABNB [https://seekingalpha.com/symbol/ABNB]) earned $2.21 per share for the quarter, up 4% from a year earlier; however, this fell short of the $2.32 per share analysts forecast.

Q3 was supported by growth in markets like the U.S., Japan, and India, with first-time bookers rising significantly in the latter two. Gross booking value rose 14% to $22.9 billion, and nights and seats booked totaled 133.6 million, up 9% Y/Y, co-founder and CEO Brian Chesky highlighted during the earnings call [https://seekingalpha.com/news/4518218-airbnb-outlines-q4-revenue-target-of-2_66b-2_72b-as-ai-integration-and-hotel-expansion].

For Q4, the company outlined a revenue target of $2.66 billion to $2.72 billion, this compares to a broader consensus of $2.69 billion. [https://seekingalpha.com/symbol/ABNB/earnings/estimates?period=quarterly]The company anticipates a higher FY adjusted EBITDA margin of ~35%, up from the previously shared 34.5% floor.

"Airbnb offers a compelling long-term investment opportunity, with strong fundamentals, asset-light operations, and continued global adoption driving growth." wrote [https://seekingalpha.com/article/4830222-airbnb-2025-performance-has-me-convinced] an SA contributor, giving it a Buy rating.

SA Quant rating system gives it a Hold rating [https://seekingalpha.com/symbol/ABNB/ratings/quant-ratings], with the highest factor grades given to profitability.

MORE ON AIRBNB

* Airbnb, Inc. (ABNB) Q3 2025 Earnings Call Transcript [https://seekingalpha.com/article/4839847-airbnb-inc-abnb-q3-2025-earnings-call-transcript]
* Airbnb Earnings Preview: Q3 Management Commentary Will Reveal Growth Potential [https://seekingalpha.com/article/4835635-airbnb-earnings-preview-q3-management-commentary-will-reveal-growth-potential]
* Airbnb: Q3 2025 Performance May Disappoint As Growth Normalizes [https://seekingalpha.com/article/4830641-airbnb-fq325-performance-may-disappoint-as-growth-normalizes]
* Airbnb outlines Q4 revenue target of $2.66B–$2.72B as AI integration and hotel expansion accelerate [https://seekingalpha.com/news/4518218-airbnb-outlines-q4-revenue-target-of-2_66b-2_72b-as-ai-integration-and-hotel-expansion]
* Airbnb GAAP EPS of $2.21 misses by $0.11, revenue of $4.09B beats by $10M [https://seekingalpha.com/news/4517763-airbnb-gaap-eps-of-2_21-misses-by-0_11-revenue-of-4_09b-beats-by-10m]