ABNB Q4 Results: Revenue +12% to $2.78B, Guidance Midpoint $2.61B, Non-GAAP EPS $0.56

Airbnb (NASDAQ:ABNB) reported Q4 CY2025 revenue up 12% YoY to $2.78B, beating expectations. Guidance for Q1 CY2026 is $2.61B at the midpoint, 3% above consensus; non-GAAP profit of $0.56 per share was higher than estimates. The positive results drove a strong market reaction as the stock closed at $122.68, up from $116.94. Supporting context: Q4 momentum followed the launch of Reserve Now, Pay Later, revised cancellation policies, and transparent pricing, underpinning Project Hawaii, an internal innovation initiative. Management expects double-digit revenue growth in 2026 from AI advancements, expanded hotel and experiences offerings, and global market investments, with a focus on stable adjusted EBITDA margins and disciplined cost management through technology and product reinvestment. Key watchpoints include the global adoption of Reserve Now, Pay Later, expansion into hotels and experiences in key international markets, and the scale of AI-powered customer support across languages and regions.