Airbnb Raises Outlook as It Remains Insulated from Global Conflicts
By Katherine Hamilton
Airbnb raised its outlook for the year as the company has avoided the slowdown in travel demand being experienced by some of its competitors.
The short-term rental company said it now expects annual revenue to increase by a high-teens percentage, up from its prior guidance of mid-teens percentage growth.
Airbnb said demand picked up in the third quarter across its global markets. That helped offset sluggishness in certain geographies such as the Middle East, where conflict has deterred travel.
For the fourth quarter, Airbnb expects revenue of $3.22 billion to $3.28 billion, which would be ahead of the $3.16 billion that analysts are projecting. It anticipates gross booking value will increase by a mid-teens percentage, driven by rise in nights and seats booked, as well as average daily rates.
Airbnb's fourth-quarter view is more optimistic than rivals Expedia and Booking, which reported earlier this week. The two online travel agencies, which are more exposed to the Middle East, said the war along with riots in certain European cities was putting a damper on travel heading into the end of the year.
For the third quarter, Airbnb posted a profit of $1.89 billion, or $3.16 a share, compared with $1.37 billion, or $2.21 a share, a year earlier. Analysts expected $2.85 a share, according to FactSet.
Revenue rose 19% to $4.87 billion. Analysts surveyed by FactSet forecast revenue of $4.75 billion.
Gross booking value rose 21% to $27.7 billion, beating Wall Street's consensus estimate of $26.43 billion.
"Although we're closely monitoring ongoing developments in EMEA, underlying global travel demand remains healthy," Airbnb said, referring to its Europe, Middle East and Africa market.
Nights and seats booked in the EMEA region increased by a mid-teens percentage in the third quarter, driven by demand across Europe.
Latin America and Asia Pacific both logged a more than 20% jump in nights and seats booked, while the metric was up by a low double-digit percentage in North America. That was the best growth for the region the company had in four years and was boosted by improvements to inbound travel to the U.S.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
November 05, 2026 16:18 ET (21:18 GMT)
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