ABNB Q1 2026 Earnings

Call Details

• Call Title: Airbnb Q1 2026 Earnings Call
• Date: May 7, 2026 at 9:00 PM UTC
• Management Team:
  • Andrew Slabin (Vice President of Investor Relations)
  • Brian Chesky (Chief Executive Officer)
  • Ellie Mertz (Chief Financial Officer)

Call Summary

Financial Performance

• Revenue grew 18% year-over-year to $2.7B in Q1 2026.
• Gross booking value grew 19% year-over-year to $29B in Q1 2026.
• Nights and seats booked grew 9% year-over-year in Q1 2026 after an approximate 100 basis point headwind from conflict in the Middle East.
• Global ADR increased 9% year-over-year, or 4% excluding FX impact.
• Adjusted EBITDA was $519M in Q1 2026, which was up 24% year-over-year, and net income was $160M after a one-time deferred tax asset adjustment of approximately $70M.
• Free cash flow for Q1 was $1.7B, and trailing 12-month free cash flow was $4.5B representing a 36% free cash flow margin.

Guidance

• Q2 2026 revenue guidance was provided as $3.54B to $3.6B, implying year-over-year growth of 14% to 16%.
• Ellie estimated an approximate 3% foreign exchange tailwind for Q2 2026 after hedging.
• Q2 2026 GBV is expected to increase in the low double digits year-over-year driven by nights and seats booked and a moderate ADR increase.
• Q2 2026 nights and seats booked are expected to decelerate slightly versus Q1 2026's 9% growth, with conflict-related headwinds noted.
• Full-year 2026 revenue growth was raised to an expectation of low to mid-teens year-over-year.
• Full-year 2026 adjusted EBITDA margin is expected to be at least 35% while the company will continue to reinvest in marketing, international expansion, and AI initiatives.