Growth fueled by strong U.S. travel demand, expanding international markets, and new AI-powered platform features.
San Francisco, California, 11 November 2025 – Airbnb posted one of its strongest quarters to date in Q3 2025, driven by steady global travel demand and continued technology innovation. The company reported revenue of USD 4.1 billion, up 10 percent from last year, while adjusted EBITDA surpassed USD 2 billion, its highest level to date. Gross booking value rose 14 percent to USD 22.9 billion, and net income reached USD 1.4 billion.
The company saw a 9 percent increase in nights and stays booked, supported by strong domestic demand in the United States. New payment options also played a role. The recently introduced “Reserve Now, Pay Later” feature in the U.S. allowed guests to book without paying up front, encouraging earlier trip planning.
International expansion continued to accelerate. India and Japan were standout growth markets, with first-time bookers rising nearly 50 percent in India and 20 percent in Japan. In Latin America, flexible payment plans helped boost bookings, with almost half of Brazil’s total booking value processed through interest-free installment options.
Airbnb is also broadening its offerings beyond traditional lodging. Airbnb Services and Experiences, launched earlier this year, received a strong guest rating and drew over 110,000 host applications. Nearly half of experience bookings came from travelers not booking accommodations, indicating growing demand for curated activities and lifestyle experiences.
Artificial intelligence played a larger role this quarter in enhancing customer support and personalization. Airbnb’s AI assistant now manages reservation questions and provides instant responses, significantly reducing wait times. The tool, first introduced in the U.S., is expanding to Mexico and additional regions, with more languages and conversational search features planned for 2026.
Financially, Airbnb ended the quarter with USD 11.7 billion in cash and equivalents and generated USD 1.3 billion in free cash flow. The company also repurchased USD 857 million in Class A shares, reflecting confidence in its long-term strategy.
Looking ahead, Airbnb expects Q4 2025 revenue between USD 2.66 billion and USD 2.72 billion. Gross booking value is projected to grow in the low double digits, with sustained demand for both travel and experiences. The company anticipates an adjusted EBITDA margin of around 35 percent for the full year.
Airbnb’s latest results highlight its shift from a booking platform to a broader travel and lifestyle ecosystem powered by personalization, social features, and global community-driven experiences.
