Airbnb’s revenue rose 19% year on year to $4.87bn in the third quarter, as bookings from India, Brazil and Japan powered growth in Asia Pacific and Latin America, the company said in its shareholder letter on November 5.
Net income rose to $1.89bn from $1.37bn a year earlier, and adjusted EBITDA increased 22% to $2.51bn, a margin of 52%. Excluding currency effects, revenue rose 16%.
Nights and seats booked rose 16% to 155mn and gross booking value climbed 21% to $27.7bn, an acceleration of five percentage points on the previous quarter. The average daily rate rose 4% to $179.
Latin America and Asia Pacific each grew nights and seats booked by more than 20%. Origin net nights from India rose more than 60%, with first-time bookers up more than 80%, while Brazil grew more than 30% and Chile, Argentina, Colombia and Peru each more than 20%. Japan grew in the low 20s. Airbnb said its expansion markets grew at the fastest pace in almost three years.
North America grew in the low double digits, its fastest rate in four years, and EMEA grew in the mid-teens. Airbnb said it was “closely monitoring ongoing developments in EMEA” but that underlying global travel demand remained healthy.
For the fourth quarter, Airbnb expects revenue of $3.22bn-3.28bn, up 16-18% including about two percentage points of currency tailwind, with at least low-double-digit growth in nights and seats booked. It raised its full-year outlook to revenue growth in the high teens and an adjusted EBITDA margin of about 36%, and authorised up to $12bn of additional share buybacks.
The company is pushing beyond holiday rentals, listing boutique and independent hotels in more than 60 destinations, adding services from meal delivery to car rentals, and putting more than 1mn listings on American Express Travel. Its AI customer service agent now resolves about 40% of issues without a human, and Airbnb plans to roll out its own AI trip-planning agent to guests in the first half of 2027.
Regulators in fast-growing markets are also tightening oversight of platforms, with Indonesia requiring accommodation listed on online travel agencies to hold valid business licences.
Airbnb, founded in San Francisco in 2007, has more than 5.5mn hosts who have welcomed more than 2.5bn guest arrivals.
