Airbnb — Feb 12, 2026 release

This is what makes Airbnb unique, and we believe it will be a powerful driver of growth for years to come. Q1 2026 ¦ We expect to generate revenue of $2.59 billion to $2.63 billion, representing year-over-year growth of 14% to 16%, inclusive of an approximate three point foreign exchange tailwind after factoring in our hedging program. We expect our implied take rate in Q1 2026 to be up slightly year-over-year. ¦ We expect GBV to increase in the low teens year-over-year, driven by high-single-digit growth in Nights and Seats Booked and a moderate increase in ADR due to price appreciation and FX. ¦ We expect Adjusted EBITDA Margin to be approximately flat year-over-year. Full-Year 2026 ¦ For 2026, we expect year-over-year revenue growth to accelerate to at least low double digits. This is driven by the sustained strength in our core business, healthy demand, and continued execution across our key growth initiatives. ¦ For 2026, we expect our Adjusted EBITDA Margin to be stable year-over-year as we reinvest top-line efficiencies to support growth across the business, primarily in marketing, product, and technology. 5 A CLOSER LOOK More reservations, less hesitation We’re committed to making travel more flexible and convenient for everyone. With Reserve Now, Pay Later, guests can book homes with $0 upfront. After a strong U.S. launch—with over 70% adoption by eligible bookings*—and testing in other marke