Airbnb Q1 2026 financial results

We issued our first quarter 2026 financial results. You can read the details here.

Overview of Q1 results

Airbnb had a strong start to 2026. Last quarter, we talked about the deliberate path we’ve been on to rebuild our foundation and innovate faster. In Q1, that work continued to pay off. Revenue grew 18 percent year-over-year to $2.7 billion, exceeding the high end of our guidance. Guests spent nearly $30 billion on Airbnb in Q1. Gross Booking Value grew 19 percent year-over-year, driven by strong demand and continued pricing strength, aided by an FX tailwind. Nights and Seats Booked grew 9 percent, reflecting healthy underlying demand. Finally, our net income was $160 million and Adjusted EBITDA was $519 million, up 24 percent year-over-year.

We’re seeing momentum across the business. Nights booked on our app accelerated during Q1, growing 22 percent year-over-year and accounted for 63 percent of total nights booked, up from 58 percent a year ago. First-time booker growth also accelerated to 10 percent—the highest growth since early 2022—with particularly strong acceleration in Brazil, Japan, and India, three of our key expansion markets. And origin net nights booked in our expansion markets grew at roughly twice the rate of our core markets. In India, origin nights booked grew approximately 50 percent year-over-year and in Brazil, origin nights grew over 20 percent for the third consecutive quarter. The innovation blueprint we highlighted last quarter is continuing to help deliver results across product improvements, guest acquisition, and international expansion.

At the same time, we’re navigating a period of macroeconomic and geopolitical uncertainty. We saw that show up in slightly elevated cancellations this quarter in EMEA and Asia Pacific, primarily driven by the conflict in the Middle East. But this is exactly where our model demonstrates its resilience. When travel patterns shift, Airbnb adapts with them. When tariff uncertainty resulted in fewer people traveling to the U.S. last year, they still came to Airbnb and found somewhere else to go. We’re seeing a similar dynamic now. We have millions of homes, everywhere in the world, at every price point, and that’s something most travel companies can’t replicate. It’s a core reason we’re able to deliver consistent results, even in challenging environments.

Here are some additional highlights from the quarter:

Making Airbnb better for hosts and guests

We’re giving guests more flexibility in how they pay with Reserve Now, Pay Later. And in Q1, roughly 20 percent of global GBV came from Reserve Now, Pay Later bookings. It’s one of the clearest examples of a change that is good for guests and good for the business: guests tend to book more when they have the flexibility to pay later.

On the supply side, we’re addressing things hosts ask about most, including better pricing tools and a simpler way to get started on our platform. We’re improving our pricing tools to make it easier for hosts to dynamically price based on demand and seasonality, and we redesigned the host sign-up flow to make it easier to list your home.

Expanding what Airbnb offers

In Q1, we continued piloting new categories of services and experiences in select cities, and we plan to expand both offerings this summer. Early results show they’re proving to be a demand flywheel. Nearly a quarter of guests who are new to Airbnb and book an experience go on to book a stay or a service—and roughly one in three experience bookers book a stay within 90 days. Services and experiences are more than just standalone products. They’re entry points that we believe will drive future demand across the platform. We’re also expanding our partnership with Delta Air Lines to allow travelers to earn Delta miles on qualifying Airbnb Experiences and Services, in addition to homes.

And we’re scaling our boutique and independent hotel pilot to more markets around the world. Early results are encouraging, particularly in cities where supply is constrained by high demand or regulation. Bringing more hotels onto the platform helps us capture trips where a hotel may be the right choice, introduce new guests to Airbnb, and drive repeat bookings across both hotels and homes. In fact, approximately 55 percent of guests who book a hotel on Airbnb come back to book a home.¹

At our May 20 Summer Release, you’ll hear more on how we’re expanding services, experiences, and hotels on Airbnb.

Major events as a growth engine

Our events partnership strategy is driving supply, demand, and brand awareness. Beyond the numbers, big events strengthen our relationships with cities and governments that need flexible, distributed ways to host millions of visitors. They help us bring on thousands of new hosts at scale, and many who start hosting for an event continue hosting long after the crowds leave. And big events give Airbnb a global stage to demonstrate what we do best: bring people together, anywhere in the world.

The Olympic and Paralympic Winter Games Milano Cortina 2026 (“the Olympic Games”) showed this playbook in action. As an official Olympics and Paralympics partner, nearly 200,000 guests stayed with Airbnb, and supply in host markets grew approximately 30 percent. Our integrated global and local marketing campaigns generated around 1 billion impressions. And more than 40 engagements with government and community leaders during the Games strengthened our relationships across Italy.

This summer’s FIFA World Cup 2026™ (“World Cup”) is the next chapter of our events strategy, and we expect to host more guests than at any event in Airbnb’s history. Since beginning our outreach in October, over 100,000 homes across the 16 World Cup host cities have listed on Airbnb for the first time, ready to welcome guests from across the globe. 

Leveraging AI to drive innovation and operational efficiency

AI is changing how we build and innovate. Nearly 60 percent of the code our engineers produce is now coauthored with AI—roughly twice the industry average, by our estimate. This isn’t just an efficiency story. It means our teams are shipping faster, iterating more quickly, and delivering more improvements to guests and hosts than we could before. We’re converting AI adoption into real product wins, and we’re just getting started.

The clearest example is customer support. For guests who contact support through our AI Assistant, over 40 percent of issues are now resolved without a human agent—up from roughly a third in Q4 2025—with significantly faster resolution times. We saw our cost-per-booking decrease about 10 percent year-over-year in Q1—a meaningful trajectory we expect to continue as we further improve AI customer support this year.

Outlook

We started the year off strong, with outperformance across key metrics relative to our expectations. For the remainder of 2026, we’re focused on building upon this momentum and are excited by the pace of innovation and inflection we are seeing across our top line.

Our 2026 outlook is underpinned by continued momentum in our core business—particularly strong nights booked growth in North America and Latin America, our fastest-growing region—and sustained ADR growth.

The upward revision to our revenue outlook reflects meaningful progress across our growth initiatives and improvements to monetization through a simplified fee structure and our insurance programs, which are expected to lift our full-year take rate. We remain optimistic about our continued momentum, even as we face tougher comparisons in the back half of this year against the rollout of Reserve Now, Pay Later in 2025 and current headwinds from the Middle East conflict.

Q2 2026:

• We expect to generate revenue of $3.54 billion to $3.60 billion, representing year-over-year growth of 14 percent to 16 percent, inclusive of an approximate 3 percent FX tailwind after factoring in our hedging program. We expect our implied take rate in Q2 2026 to be up slightly year-over-year.
• In Q2 2026, we expect GBV to increase in the low double digits year-over-year, driven by growth in Nights and Seats Booked and a moderate increase in ADR. We expect the FX tailwind to ADR to be significantly lower in Q2 2026 than in Q1.
• In Q2 2026, we expect Nights and Seats booked growth to slightly decelerate, relative to Q1 2026, assuming an estimated roughly 100bps headwind related to the conflict in the Middle East.
• We expect Adjusted EBITDA and Adjusted EBITDA Margin to be up year-over-year in Q2 2026.

Full-Year 2026

• For 2026, we are raising our guidance and now expect year-over-year revenue growth to accelerate to low to mid teens.
• For 2026, we now expect our Adjusted EBITDA Margin to be at least 35 percent. We will continue to prioritize reinvestment to support growth across the business, specifically on efficient marketing spend, international expansion, and AI initiatives.