ABNB Surpasses Estimates with 12% Q4 Revenue Growth; H2 Outlook Hits $2.61B

Airbnb (NASDAQ:ABNB) reported Q4 CY2025 revenue up 12% YoY to $2.78B, exceeding analyst expectations. Guidance for H1 CY2026 is $2.61B at the midpoint, 3% above consensus. GAAP EPS of $0.56 missed 15.6% of the consensus. Key metrics: Nights & Experiences booked totaled 121.9 million, up 9.1% YoY; 10.9 million in Q4, or 9.8% YoY. Average revenue per booking (ARO) rose 2% YoY to $22.79 despite a slight deceleration in growth. Relative to the broader consumer internet sector, Airbnb’s three-year sales CAGR was 13.4%. The stock closed up 2.2% at $118.54 following the report.