Airbnb (ABNB) earnings Q1 2026

Airbnb It reported mixed first-quarter results after the bell on Thursday and warned of regional weakness caused by the war in Iran.

The company’s performance according to LSEG forecasts is as follows:

• earnings per share: 29 cents expected versus 26 cents
• Revenues: $2.68 billion, expected $2.62 billion

Revenue rose 18% in the quarter from $2.27 billion last year. Net income rose to $160 million, or 26 cents per share, from $154 million, or 24 cents per share, last year.

Airbnb has released an optimistic forecast for the current quarter, predicting revenue between $3.54 billion and $3.60 billion. Analysts expected revenue of $3.46 billion. The company raised its revenue forecast for this year to “low to mid-teens” growth from a 12% forecast.

Like many travel and airline companies, Airbnb is feeling the strain of the Iran war, which has led to soaring oil prices, flight cancellations and widespread regional uncertainty.

The company expects a 100 basis point headwind in nights and bookings in the second quarter and a slowdown from the first quarter due to the war.

“We remain optimistic that our momentum will continue, even as we face tougher comparisons in the back half of this year with the launch of Book Now, Pay Later in 2025 and the current headwinds from the Middle East conflict,” the company wrote in a post. letter to shareholders.

Airbnb said conflict in the Middle East during the quarter contributed to “slightly higher” cancellations in the Europe, Middle East, Africa and Asia Pacific regions. But the homestay platform said it saw a “similar dynamic” to last year’s tariff threats, leading to “softness” among some North American regions but an increase in travel elsewhere.

“We have millions of homes around the world at every price point, and that’s something most travel companies can’t replicate,” Airbnb wrote. “This is the main reason why we can deliver consistent results even in harsh environments.”

Gross booking value, which tracks host earnings, service fees, cleaning fees and taxes, rose 19% to $29.2 billion, beating analysts’ estimates of $27.82 billion.

The number of nights and seats booked increased 9% to 156.2 million, beating LSEG’s forecast of 155.77 million. Airbnb also reported the highest growth in first-time bookers since 2022, driven by new expansion markets such as Brazil, Japan and India.

Airbnb is also gearing up for a busy summer season with the FIFA World Cup to be held in 16 cities in Canada, Mexico and the United States.

The company said it plans to host the most guests it has ever hosted at an event, and more than 100,000 properties have joined the platform since outreach began in October. In February, Airbnb launched a campaign. $750 incentive program For new hosts to meet demand for the tournament.

Airbnb said the Milan Cortina Olympics and Paralympics earlier this year attracted nearly 200,000 guests, increasing supply in the host market by almost a third.

Airbnb reported $519 million in adjusted EBITDA, beating LSEG’s forecast of $485 million.