Airbnb Q3 2025 Results: Expectations and Analysis

Airbnb Announces Third Quarter Results

Airbnb (NASDAQ: ABNB) will announce its third-quarter results on November 6, 2025, after the market closes. Analysts expect the company's earnings per share (EPS) to be $2.31 and revenue to reach approximately $4 billion. Both revenue and earnings are expected to grow at low single-digit rates.

In 2025, the stock price declined by about 7%, underperforming the broader market. This was attributed to investors questioning the company's resilience in a more competitive environment. In the previous quarter, Airbnb reported revenues of $3.1 billion, marking a 13% increase compared to the same period last year. Net income was recorded at $642 million, and gross booking value (GBV) reached $23.5 billion. Average daily rates (ADR) increased by approximately 3%, indicating sustained pricing power.

The company has started diversifying beyond its core accommodation services. Airbnb relaunched its experiences platform and introduced a new Services feature in select cities that allows bookings for services such as massages, chefs, and personal trainers through the app. This move aims to deepen guest interactions upon arrival.

In this quarter, investors will pay attention to GBV and ADR trends, as well as what company management says about demand ahead of the holidays. Growth in supply, marketing expenditures, and increasing competition in the short-term rental market will also be monitored alongside the stability of fees. Cost control has become a focal point again, and Airbnb's mix between short-term and long-term bookings is also significant. Early feedback from users on new in-stay features could indicate whether the effort to expand beyond accommodation is effective.

The stock has largely traded sideways over the past two years, with approximately 27 times earnings and 6 times sales. To rekindle slow growth, management must articulate a clear vision for restructuring growth while demonstrating that unit economics remain strong and continuing the expansion.