Airbnb Q3 revenue up 10% to $4.1 billion; Q4 adjusted EBITDA seen flat to down
Airbnb reported third-quarter 2025 revenue of $4.1 billion, up 10% year over year, and gross booking value of $22.9 billion, up 14%. Net income was $1.4 billion, stable against the prior year, and the company guided fourth-quarter adjusted EBITDA to be flat to down slightly, with a full-year 2025 adjusted EBITDA margin of about 35%, which bears on shareholder returns.
Key points
- Q3 2025 revenue was $4.1 billion, up 10% year over year, and net income was $1.4 billion, flat versus Q3 2024 after a $213 million tax valuation allowance.
- Q4 2025 revenue is expected at $2.66 billion to $2.72 billion, growth of 7% to 10% year over year.
- Q4 2025 adjusted EBITDA is expected to be flat to down slightly year over year, and the company now expects a full-year 2025 adjusted EBITDA margin of approximately 35%.
- The company repurchased $857 million of Class A common stock in Q3 2025 and had $6.6 billion of repurchase authorization remaining as of September 30, 2025.
The filing
Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 06, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.