Airbnb, Inc. reported a revenue increase of 10% for the third quarter of 2025, reaching $4.1 billion compared to $3.7 billion in the same period last year. The growth was attributed to a rise in the number of check-ins related to Nights and Seats Booked, alongside a modest increase in Average Daily Rate (ADR). Net income for the quarter also saw a slight increase, rising to $1.4 billion from $1.368 billion in the prior year, despite higher payroll-related expenses and a valuation allowance against deferred tax assets.
In terms of operational metrics, the company recorded 134 million Nights and Seats Booked during the third quarter, an increase of 9% year-over-year. Gross Booking Value (GBV) also rose by 14% to $22.9 billion, reflecting the overall growth in bookings across all regions, particularly in Latin America and Asia Pacific. The company’s cash provided by operating activities was $1.4 billion, up from $1.1 billion in the same quarter of 2024, while Free Cash Flow increased to $1.3 billion from $1.1 billion.
Airbnb's total costs and expenses for the third quarter increased by 12% to $2.5 billion, driven by higher costs in sales and marketing, which rose by 24% to $639 million. The company also reported a significant increase in product development expenses, which grew by 12% to $587 million. The increase in expenses was partially offset by a decrease in operations and support costs, which fell by 1% to $365 million.
The company continued its strategic initiatives, including a share repurchase program, under which it repurchased 6.7 million shares of Class A common stock for $857 million during the quarter. As of September 30, 2025, Airbnb had $6.6 billion remaining under its share repurchase authorization. The company also signed a new enterprise agreement for cloud hosting services, committing to spend between $202 million and $457 million annually through 2031.
Looking ahead, Airbnb acknowledged potential challenges from macroeconomic and geopolitical conditions, including inflation and fluctuating interest rates, but noted that these factors had not yet materially impacted its operations. The company remains focused on expanding its global presence and enhancing its platform offerings, with expectations for continued revenue growth driven by increased customer engagement and bookings.
About Airbnb, Inc.
Airbnb, Inc. operates a global online marketplace connecting hosts who offer unique accommodations and experiences with guests worldwide. Its platform facilitates booking, payments, and community support, emphasizing trust and safety through reviews, insurance, and verification tools. Serving millions of hosts and guests across over 220 countries, Airbnb’s business model leverages technology, brand strength, and a scalable two-sided marketplace to provide authentic travel experiences and hospitality services.
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