ABNB Airbnb (ABNB) Q1 FY26 earnings call
Airbnb opened FY26 with broad-based momentum — nights, GBV and take-rate initiatives accelerated together — letting management raise full-year revenue growth to low-to-mid teens and lift the EBITDA-margin floor to 35%. The signal is that Chesky's 'Project Hawaii' operating model of small elite teams shipping fast, now amplified by AI-written code, is compounding into first-time-booker acceleration, expansion-market outperformance and a maturing monetization roadmap (single service fee, insurance, RNPL). The forward stance is aggressive reinvestment over margin harvest: incremental upside is fu
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ABNB operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|
| Gross bookings | <$25BIn Q1, guests on Airbnb spent nearly $25 billion.Source: earnings call transcript | $22.9BGross booking value grew 14% year-over-year to $22.9 billion, driven by strong growth in both bookings and price.Source: earnings call transcript | $20.4BGross booking value grew 16% year-over-year to $20.4 billion.Source: earnings call transcript | $29BGross booking value grew 19% year-over-year to $29 billion, representing consistent sequential acceleration for the last 4 quarters, driven by both strong growth in nights and ADR.Source: earnings call transcript | $27.2BGross booking value grew 16% year-over-year to $27.2 billion, and Nights and Seats Booked grew 10% year-over-year, accelerating from Q1.Source: earnings call transcript | -6.2% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.