Airbnb — Feb 12, 2026 release

¦ 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 markets, we’re rolling it out to more guests in 2026. Simple to spot Eligible stays feature a callout on the listing and at checkout. Flexible payment Now guests can reserve when they want, and then pay closer to check-in. *Adoption percentage based on global GBV in Q4 2025. 6 Business and Financial Performance Q4 2025 121.9M $20.4B Nights & Seats Booked Gross Booking Value 10% Y/Y 16% Y/Y 13% Y/Y (ex-FX) FY 2025 533.0M $91.3B Nights & Seats Booked Gross Booking Value 8% Y/Y 12% Y/Y 10% Y/Y (ex-FX) In Q4 2025, we recorded double-digit growth across our