EARNINGS & CATALYSTS · November 4, 2026
Airbnb earnings preview for November 5, 2026: can booking growth offset higher spending?
Airbnb reports after close on November 5. Watch bookings, fees and investment spending against its sales outlook, with Marriott’s recent results and a new Amex distribution channel adding context.
| Company | Report date | Window | EPS estimate | Revenue estimate |
|---|---|---|---|---|
| Airbnb, Inc. (ABNB) | November 5, 2026Issuer confirmed | After close | 2.85 | 4.75B |
1) What is confirmed and what do analysts expect?
Airbnb confirmed that it will release results for the quarter ended September 30, 2026 after close on November 5. MarketBeat consensus checked before open on November 4 was about $4.75 billion in revenue and $2.85 in EPS, or profit per share. These are analyst forecasts, not reported results. The revenue forecast is near the upper end of Airbnb’s $4.69 billion–$4.77 billion company outlook.
2) What did the last two quarters show?
On May 7, Airbnb reported first-quarter revenue of $2.678 billion and GAAP diluted EPS of $0.26. Revenue exceeded the roughly $2.62 billion consensus, while EPS fell short of $0.31. On August 6, second-quarter revenue of $3.608 billion exceeded roughly $3.58 billion, and GAAP diluted EPS of $1.37 exceeded $1.26. GAAP means standard accounting rules; diluted EPS allows for shares that could be issued. Following the second-quarter report, Airbnb raised its full-year adjusted EBITDA margin floor from 35% to 35.5%. That measure excludes interest, taxes and certain other costs. For the third quarter itself, it expected a slightly lower margin than a year earlier because of investment timing. Those different time horizons should be assessed separately.
3) How does the chart frame the event risk?
Airbnb closed November 3 at $166.96, below its 20-day average near $169.13 and 50-day average near $169.60. Approximate support at $164.10–166.70 reflects late-October and early-November lows; resistance at $173–177.60 reflects recent highs. Holding above resistance would strengthen the setup, while losing support would weaken it. The first session after the May report ended about 0.7% above the release-day close; the comparable August reaction was about 17.4%. These are dated price changes, not predictions of the next reaction. Results can jump through chart levels.
4) How the business makes money
Airbnb connects guests with hosts and collects fees on stays, experiences and services. Revenue depends on booking volume, trip prices and the share of booking value it keeps as fees. It recognizes much of its revenue when guests check in, so cash collection and reported sales can peak in different quarters.
5) What to watch
Watch nights booked, booking values, fees and the next revenue outlook together. The October 22 American Express launch brings more than one million listings to Amex Travel, creating another distribution channel. Because it began after September 30, any benefit belongs to later periods. The useful test is whether it brings incremental bookings at attractive acquisition costs.
6) Recently reported peers
Marriott reported on November 2 that worldwide revenue per available room rose 6.5% in constant currencies, combining stronger pricing and occupancy. Adjusted diluted EPS of $3.02 exceeded the roughly $2.84 consensus. Marriott issued fourth-quarter adjusted EPS guidance of $3.14–3.21. Hotel operators and Airbnb capture different parts of travel spending, so the result is demand context rather than a forecast for Airbnb.
7) Risks into the report
Weaker travel demand, local restrictions on short-term rentals and higher marketing or product spending could pressure growth and margins. Currency movements can inflate reported growth without an equivalent increase in underlying demand. Compare adjusted measures with GAAP profit and cash flow, and remember that a sales beat can still accompany a disappointing outlook.