Airbnb Raises Full-Year Outlook as Revenue Hits $3.6 Billion
The vacation-rental platform raised its full-year revenue growth forecast to at least mid-teens after reporting a 17% increase in second-quarter sales.
Airbnb (ABNB), the vacation-rental platform, reported second-quarter revenue of $3.6 billion. The result represented a 17% increase year-over-year, accelerating from 12% growth in the fourth quarter of 2025 and 10% in the third quarter of 2025, though it trailed the 18% growth seen in the first quarter of 2026.
Growth in the quarter was supported by a 10% year-over-year increase in nights and seats booked, an acceleration from the 9% growth reported in the previous quarter. Gross booking value rose 16% year-over-year to $27.2 billion. On an ex-FX basis, that growth was 15%, two percentage points higher than the 13% ex-FX growth reported in the first quarter.
Average daily rates increased 5% year-over-year to $184. Regional increases were 7% in both North America and EMEA. First-time booker growth accelerated to 11% in the second quarter, the highest level in four years, compared to 10% in the first quarter.
Profitability metrics showed continued expansion. Adjusted EBITDA margin rose to 35%, up from 34% in the second quarter of 2025 and 19% in the first quarter of 2026. Net income margin increased to 23% from 21% in the prior-year period, though it remained below the 34% margin reported in the third quarter of 2025.
Operational shifts included a 16% year-over-year decline in customer support costs per booking, attributed in part to AI assistant improvements. The company also saw a nearly 80% year-over-year increase in Airbnb Experiences supply and a more than 60% increase in revenue from guest travel insurance. App penetration continued to climb, with nights booked on the app accounting for 64% of total nights.
Airbnb raised its full-year 2026 outlook for revenue growth to at least mid-teens and increased its Adjusted EBITDA margin expectation to at least 35.5%.
The company announced a shift in fee structure in July 2026, planning to migrate most remaining hosts to a single 15.5% service fee. This follows a similar migration of property management software hosts that began in the fourth quarter of 2025. During the second quarter, Airbnb repurchased $1.1 billion of Class A common stock.