The Q3 beat and raised full-year guidance signal strong demand momentum and operating leverage. Watch Q4 2026 revenue guidance of $3.22B-$3.28B (16-18% YoY growth) and any updates on EMEA demand trends, which management flagged as an area of close monitoring.
How the stock moved after the report
⚠ Clustered BULLISH VIEWSTOCK ABOVE ENTRY AT T+1- T+0 · Nov 6 $189.99entry
- T+1 · 3d ago +0.16%α −2.21% · $190.29
- T+3 · todayOpen
- T+5 · tomorrow Pending
- T+20 · in 25d Pending
- T+60 · in 3mo Pending
Price Chart
How similar events traded
Executive Summary
The company raised its full-year 2026 outlook for both revenue growth (now high teens) and Adjusted EBITDA Margin (approximately 36%), and announced a new $12B share repurchase authorization. Nights and Seats Booked accelerated to 16% YoY growth, and GBV grew 21% YoY.
Key Financial Metrics
Key Facts
- Q3 2026 revenue $4.869B, +19% YoY, above $4.75B consensus
- Full-year 2026 revenue growth outlook raised to high teens (from at least mid-teens)
- Full-year 2026 Adjusted EBITDA Margin outlook raised to approximately 36% (from at least 35.5%)
- New $12B share repurchase authorization announced
- Nights and Seats Booked 155.0M, +16% YoY (accelerating from +10% in Q2 2026)
- GBV $27.7B, +21% YoY
- Net income $1.890B, net income margin 39%
- Adjusted EBITDA $2.509B, +22% YoY, margin 52%
- Free Cash Flow $1.426B, +5.7% YoY
Financial Impact
Revenue beat consensus by $119M (2.5%), EPS beat by $0.31 (10.9%). Guidance raised for full-year revenue and margin.
Risk Factors
- Management noted closely monitoring ongoing developments in EMEA, which could impact demand
- Implied take rate declined to 17.6% from Q3 2025 due to RNPL expansion and contra revenue
- Customer support cost per booking declined more than 17% YoY, partly due to AI, but may not be sustainable at same rate
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-449727 |
| Document: d437988d8k.htm | 0001193125-26-449727 |
| Document: 0001193125-26-449727-index-headers.html | 0001193125-26-449727 |
| Document: 0001193125-26-449727-index.html | 0001193125-26-449727 |
| Document: 0001193125-26-449727.txt | 0001193125-26-449727 |
| 8-K Data (Synthetic) | 0001193125-26-449727 |
Track record
54 reports on ABNB
6 of 9 bullish or bearish reports moved the stock their way by T+1. Best: +41.15% at T+60 after the May 19, 2026 report. 7 of 9 went positive at some point.
Filters
- Nov 10, 20261d ago Insider Cluster Bearish 4/10 Entry $192.72 Now $186.90 +3.02% settles Nov 12
- Nov 9, 20262d ago 144 Neutral 3/10 Entry $190.29 to $186.90 Now $186.90 −1.78% ▼ −1.78% −1.41% vs SPY
- Nov 6, 20265d ago 144 Neutral 3/10 Entry $190.29 to $186.90 Now $186.90 −1.78% ▼ −1.78% −1.41% vs SPY
- Nov 5, 20266d ago Press Release Neutral 5/10 No price data
- Nov 5, 20266d ago 8-K Bullish 6/10 Viewing Entry $189.99 to $190.29 Now $186.90 −1.63% ▲ +0.16% −2.21% vs SPY
- Nov 4, 20267d ago Insider Cluster Neutral 2/10 Entry $170.13 to $189.99 Now $186.90 +9.86% ▲ +11.67% +11.36% vs SPY
- Nov 2, 20269d ago 144 Neutral 2/10 Entry $171.11 to $166.96 Now $186.90 +9.23% ▼ −2.43% −2.72% vs SPY
- Oct 26, 202616d ago 144 Neutral 4/10 Entry $171.05 to $168.82 Now $186.90 +9.27% ▼ −1.30% −1.86% vs SPY
- Oct 23, 202619d ago Institutional Cluster Bullish 4/10 Entry $172.01 to $171.05 Now $186.90 +8.66% ▼ −0.56% −1.27% vs SPY
- Oct 19, 202623d ago Insider Cluster Neutral Not scored Entry $176.94 to $173.69 Now $186.90 +5.63% ▼ −1.84% −2.36% vs SPY
US Market Status
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