Airbnb Returns to Faster Growth and Raises Full-Year Outlook

what happened

Airbnb shares jumped in late trading on Thursday after the vacation rental platform posted quarterly results above forecasts and raised its outlook for the full year, according to Barron's. The stock rose 10.5% to $188.07 after falling 3.5% in the regular session. Third-quarter revenue reached $4.9 billion, up 19% year over year and ahead of the $4.7 billion analysts expected. Earnings came in at $3.16 per share versus a $2.85 forecast.

Operating metrics were also stronger than expected. Nights and seats booked climbed 16% to 155 million, while gross booking value grew 21% to $27.7 billion. The company said AI tools now resolve about 40% of customer support issues and helped cut support costs per booking by more than 17%. North American nights booked grew at their fastest pace in four years.

why it matters

Airbnb's reacceleration in bookings points to resilient travel demand, a signal that matters for the broader travel sector. By contrast, Expedia fell 13.7% after projecting slower growth, and Booking had missed revenue expectations earlier in the week. Airbnb shares are up 25.4% so far this year.

market impact

Travel sector: stronger bookings and a higher outlook support Airbnb shares

• ▲Airbnb shares (ABNB) pressure up — results and a raised outlook beat market expectations

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