Airbnb Posts Strong Q4 Guidance Despite Q3 Earnings Miss

Core Insights - Airbnb Inc. reported third-quarter earnings below Wall Street forecasts due to increased investment spending but provided positive guidance for the fourth quarter as travel demand and long-term bookings strengthened [1][2] Financial Performance - The company posted earnings of $2.21 per share on revenue of $4.1 billion, missing analyst expectations of $2.31 per share on revenue of $4.08 billion [1] - Adjusted EBITDA margin decreased to 50% from 52% year-over-year [1] Booking Metrics - Gross booking value increased by 14% year-over-year, while nights and seats booked rose by 9% [2] - For the fourth quarter, Airbnb projected revenue between $2.66 billion and $2.72 billion, indicating year-over-year growth of 7% to 10% and exceeding consensus estimates of $2.67 billion [2] - Gross booking value for the quarter is expected to rise at a low double-digit pace [2] Future Outlook - For the full year 2025, Airbnb forecasts an adjusted EBITDA margin of approximately 35%, an increase from the previous estimate of at least 34.5% [2]