🔹 Revenue: $3.10B (Est. $3.03B) 🟢; +13% YoY
🔹 EPS: $1.03 (Est. $0.93) 🟢; +20% YoY
🔹 GBV: $23.5B (Est. $22.82B) 🟢; +11% YoY
🔹 Adj EBITDA: $1.04B (Est. $970.7M) 🟢; +17% YoY
🔹 Adj EBITDA Margin: 34% (Est. 32%) 🟢
Q3 Guidance
🔹 Revenue: $4.02B–$4.10B (Est. $4.05B) 🟡; UP +8–10% YoY
🔹 Adjusted EBITDA: Above $2.0B (Est. $2.0B) 🟢
🔸 FY25 Adj. EBITDA Margin expected ≥ 34.5%
Geographic Trends
🔹 North America: Low-single digit growth in Nights & Seats Booked; ADR +3% YoY
🔹 EMEA: Mid-single digit Nights growth; ADR +9% YoY (Ex-FX: +3%)
🔹 Latin America: High-teens Nights growth; ADR -3% YoY (Ex-FX: +2%)
🔹 Asia Pacific: Mid-teens Nights growth; ADR +2% YoY (Ex-FX: +1%)
🔹 App Bookings: 59% of total; UP from 55% YoY
Other Q2 Metrics:
🔹 Nights & Seats Booked: 134.4M; +7% YoY
🔹 ADR: $174; UP +3% YoY
🔹 Net Income: $642M; UP +16% YoY
🔹 Net Income Margin: 21%
🔹 Free Cash Flow: $962M; FCF Margin 31%
🔹 Net Cash from Ops: $975M
Capital Allocation
🔹 Share Buyback: $1.0B repurchased in Q2
🔹 New $6.0B repurchase program authorized
🔹 Fully diluted share count down to 652M (from 673M YoY)
Strategic & Product Highlights
🔸 Launched Airbnb Services & reimagined Airbnb Experiences
🔸 Over 60,000 new host applications for services & experiences since launch
🔸 Guest Favorites program drives >400M booked nights; Superhost bookings UP +12% YoY
🔸 Co-Host Network now supports 100K listings
CEO Commentary
🔸 “We exceeded expectations across bookings, revenue, and margins.”
🔸 “With the Summer Release and growing partnerships, we’ve expanded what people expect from Airbnb.”
🔸 “Momentum from Experiences and Services has been strong — we're just getting started.”
