Airbnb Raises Outlook After Fastest Growth in Three Years

Airbnb reported its fastest revenue growth in more than three years in the third quarter of 2026 and raised its full-year outlook, as bookings increased across its platform. The company also authorized a further $12 billion in share repurchases. Its stock rose in Friday premarket and morning trading, with reports putting the gain between about 10% and more than 12%. Those figures describe intraday moves, not a closing price. Revenue was about $4.9 billion, up 19% from a year earlier, while gross booking value rose 21% to $27.7 billion, Airbnb reported. Nights and seats booked increased 16% to 155 million. The company said first-time bookers grew 13%, the fastest pace since early 2022, and North American nights booked rose at their fastest rate in four years. Airbnb’s net income reached about $1.9 billion. Adjusted earnings before interest, taxes, depreciation and amortization increased 22% to $2.51 billion, and the adjusted EBITDA margin widened to 52% from 50% a year earlier. The company reported average daily rates of $179, up 4% year over year. For the fourth quarter, Airbnb forecast revenue of $3.22 billion to $3.28 billion, representing growth of 16% to 18%. Its full-year...