TLDR
- Airbnb (ABNB) stock rose about 12% in premarket trading Friday after a Q3 beat
- EPS hit $3.16 on $4.87B in revenue, the fastest growth in over three years
- The company raised its 2026 outlook and added a $12B buyback
- Mizuho lifted its target to $245 from $200, above the prior Street high of $220
- Goldman Sachs raised its target to $185 from $165 and kept a Neutral rating
Airbnb (ABNB) stock was trading near $190.25 in Friday premarket action, up about 12%. The stock closed Thursday at $170.13, down 3.54%.
The move followed a third-quarter report that topped Wall Street’s forecasts. The company earned $3.16 per share, beating the $2.85 estimate by 31 cents.
Revenue rose 19% to $4.87 billion, ahead of the $4.75 billion consensus. A year ago, growth was just 10%.
AIRBNB $ABNB Q3’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $4.9B (Est. $4.75B) 🟢; +19% YoY
🔹 EPS: $3.16 (Est. $2.85) 🟢; +43% YoY
🔹 Gross Booking Value: $27.7B; +21% YoYQ4 Guide:
🔹 Revenue: $3.22B-$3.28B (Est. $3.16B) 🟢
🔹 GBV Growth: Mid-teens YoY
🔹 Nights & Seats Booked: At… pic.twitter.com/RU8u4HjoH8— Wall St Engine (@wallstengine) November 5, 2026
Net income climbed 38% to $1.89 billion. That compares with $1.37 billion in the same quarter last year.
Adjusted EBITDA rose 22% to $2.51 billion. The margin widened to 52% from 50%.
Where the Growth Came From
Gross booking value rose 21% to $27.7 billion. Nights and seats booked grew 16% to 155 million.
Average daily rates ticked up 4% to $179. Airbnb said that reflects higher prices and a shift in booking mix.
First-time booker growth sped up to 13%. That is the best mark since early 2022.
North America posted its strongest nights-booked growth in four years. All five core markets saw faster growth: the U.S., France, the U.K., Canada and Australia.
The AI support assistant also had a busy quarter. It handled about 40% of customer issues without a human, up from one-third in the second quarter.
Support costs per booking fell more than 17% from a year earlier. Airbnb credited demand, product upgrades and cost discipline for the results.
Outlook, Buyback and Analyst Reaction
For the fourth quarter, Airbnb expects revenue of $3.22 billion to $3.28 billion. That would be growth of 16% to 18%.
The company raised its full-year view too. It now sees high-teens revenue growth and an adjusted EBITDA margin of about 36%.
Airbnb also approved a new $12 billion buyback. It bought back $700 million of Class A stock in the third quarter.
BTIG analyst Jake Fuller called it a “clean beat-&-raise” at a time when peers have guided light. He said his view of management has improved.
Truist said the upside came mainly from better-than-expected revenue. Goldman Sachs raised its target to $185 from $165 and stayed Neutral.
Mizuho went further, lifting its target to $245 from $200 with an Outperform rating. The new number sits above the prior Street high of $220, and Mizuho named Airbnb its top internet pick.
