HighGravityDataSigned in · PRO
Guidance history, every release
Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing
| Metric | Nov 7, 2024 FY24 Q3 | Feb 13, 2025 FY24 Q4 | May 1, 2025 FY25 Q1 | Aug 6, 2025 FY25 Q2 | Nov 6, 2025 FY25 Q3 | Feb 12, 2026 FY25 Q4 | May 7, 2026 FY26 Q1 | Aug 6, 2026 FY26 Q2 |
|---|---|---|---|---|---|---|---|---|
| For FY2026 | ||||||||
| FX tailwind to revenue growth | — | — | — | — | — | — | New“approximate 3% FX tailwind” | — |
| Revenue | — | — | — | — | — | — | — | New“$4.69 billion to $4.77 billion” |
| Revenue | — | — | — | — | — | — | New“$3.54 billion to $3.60 billion” | — |
| Revenue | — | — | — | — | — | New“$2.59 billion to $2.63 billion” | — | — |
| Revenue growth (Y/Y) | — | — | — | — | — | New“at least low double digits” | Raised“accelerate to low to mid teens” | Lowered“at least mid teens” |
| Revenue year-over-year growth | — | — | — | — | — | — | — | New“15% to 17%” |
| Revenue year-over-year growth | — | — | — | — | — | New“accelerate to at least low double digits” | Lowered“accelerate to low to mid teens” | Raised“improve to at least mid teens” |
| Revenue year-over-year growth | — | — | — | — | — | — | New“14% to 16%” | — |
| Revenue year-over-year growth | — | — | — | — | — | New“14% to 16%” | — | — |
| Adjusted EBITDA | — | — | — | — | — | — | — | New“increase year-over-year” |
| Adjusted EBITDA and Adjusted EBITDA Margin | — | — | — | — | — | — | New“up year-over-year” | — |
| Adjusted EBITDA Margin | — | — | — | — | — | — | — | New“down slightly compared to Q3 2025” |
| Adjusted EBITDA Margin | — | — | — | — | — | — | — | New“at least 35.5%” |
| Adjusted EBITDA Margin | — | — | — | — | — | — | New“at least 35%” | — |
| ADR | — | — | — | — | — | New“a moderate increase” | — | — |
| Effective tax rate | — | — | — | — | — | — | New“high teens” | Reiterated“high teens” |
| FX tailwind to ADR | — | — | — | — | — | — | New“significantly lower in Q2 2026 than in Q1” | — |
| GBV growth (Y/Y) | — | — | — | — | — | — | — | New“mid teens” |
| GBV growth (Y/Y) | — | — | — | — | — | — | New“increase in the low double digits year-over-year” | — |
| GBV growth (Y/Y) | — | — | — | — | — | New“low teens year-over-year” | — | — |
| GBV year-over-year growth | — | — | — | — | — | — | — | New“mid teens” |
| Implied take rate | — | — | — | — | — | — | — | New“remain relatively in-line year-over-year” |
| Implied take rate | — | — | — | — | — | — | New“up slightly year-over-year” | — |
| Implied take rate (Y/Y) | — | — | — | — | — | New“up slightly year-over-year” | — | — |
| Middle East conflict headwind to Nights and Seats Booked growth | — | — | — | — | — | — | New“estimated roughly 100bps headwind” | — |
| Nights and Seats Booked growth | — | — | — | — | — | — | New“slightly decelerate, relative to Q1 2026” | — |
| SBC and headcount growth rate (Y/Y) | — | — | — | — | — | New“lower than 2025” | — | — |
| For FY2025 | ||||||||
| Revenue | — | — | — | — | New“$2.66 billion to $2.72 billion” | — | — | — |
| Revenue | — | — | — | New“$4.02 billion to $4.10 billion” | — | — | — | — |
| Revenue | — | — | — | New“$4.02 billion” | — | — | — | — |
| Revenue | — | — | New“$2.99 billion to $3.05 billion” | — | — | — | — | — |
| Revenue | — | — | New“$2.99 billion” | — | — | — | — | — |
| Revenue | — | New“$2.23 billion to $2.27 billion” | — | — | — | — | — | — |
| Revenue growth rate | New“will be negatively impacted by the comparison to Q1 2024, which benefited from both the timing of Easter and inclusion of Leap Day” | — | — | — | — | — | — | — |
| Revenue Y/Y growth | — | — | — | New“8% to 10%” | — | — | — | — |
| Revenue year-over-year growth | — | — | — | — | New“7% to 10%” | — | — | — |
| Revenue year-over-year growth | — | — | — | New“8% to 10%” | — | — | — | — |
| Revenue year-over-year growth | — | — | New“9% to 11%” | — | — | — | — | — |
| Revenue year-over-year growth | — | New“4% to 6%” | — | — | — | — | — | — |
| Revenue year-over-year growth excluding the impact of FX | — | New“7% to 9%” | — | — | — | — | — | — |
| Revenue year-over-year growth excluding the impact of the calendar factors and FX | — | New“10% to 12%” | — | — | — | — | — | — |
| Adjusted EBITDA | — | — | — | New“over $2.0 billion” | — | — | — | — |
| Adjusted EBITDA and Adjusted EBITDA Margin | — | New“decline compared to Q1 2024” | — | — | — | — | — | — |
| Adjusted EBITDA Margin | — | — | — | — | New“approximately 35%” | — | — | — |
| Adjusted EBITDA Margin | — | New“at least 34.5%” | Reiterated“at least 34.5%” | Reiterated“at least 34.5%” | — | — | — | — |
| Adjusted EBITDA Margin | — | — | — | New“lower than in Q3 2024” | — | — | — | — |
| Adjusted EBITDA Margin | — | — | New“flat to down slightly compared to Q2 2024” | — | — | — | — | — |
| Adjusted EBITDA Margin excluding the impact of the calendar factors and FX headwinds | — | New“approximately flat year-over-year” | — | — | — | — | — | — |
| ADR | — | — | — | New“increase modestly on a year-over-year basis, primarily driven by FX” | — | — | — | — |
| ADR | — | — | New“approximately flat year-over-year” | — | — | — | — | — |
| ADR | — | New“decline slightly on a year-over-year basis” | — | — | — | — | — | — |
| ADR excluding the impact of FX | — | New“a slight year-over-year increase” | — | — | — | — | — | — |
| Effective tax rate | — | New“slightly below our long-term effective tax rate of approximately 20%” | — | — | Raised“approximately 21%” | — | — | — |
| GBV growth (Y/Y) | — | — | — | — | New“low-double-digits” | — | — | — |
| GBV year-over-year growth | — | — | — | — | New“low-double-digits” | — | — | — |
| Growth rate of stock-based compensation (SBC) | — | New“will approximate headcount growth” | — | — | — | — | — | — |
| Implied take rate | — | — | New“higher than in Q2 2024” | — | — | — | — | — |
| Investment in launching and scaling new businesses | — | New“$200 million” | Reiterated“$200 million” | — | — | — | — | — |
| Investment towards launching and scaling new businesses | — | New“$200 million to $250 million” | Reiterated“$200 million to $250 million” | — | — | — | — | — |
| Investment towards services and experiences | — | — | — | New“approximately $200 million” | Reiterated“approximately $200 million” | — | — | — |
| Local payment methods across five continents | New“nearly 40” | — | — | — | — | — | — | — |
| Local payment methods offered | New“nearly 40 local payment methods across five continents” | — | — | — | — | — | — | — |
| Year-over-year growth of Nights and Experiences Booked | — | — | New“moderate relative to Q1 2025” | — | — | — | — | — |
| Year-over-year growth of Nights and Experiences Booked | — | New“relatively stable compared to Q1 2024 after excluding Leap Day” | — | — | — | — | — | — |
| Year-over-year growth of Nights and Seats Booked | — | — | — | New“relatively stable compared to Q2 2025” | — | — | — | — |
| For FY2024 | ||||||||
| Revenue | New“$2.39 billion to $2.44 billion” | — | — | — | — | — | — | — |
| Revenue year-over-year growth | New“8% to 10%” | — | — | — | — | — | — | — |
| Adjusted EBITDA Margin | New“approximately 35.5%” | — | — | — | — | — | — | — |
| Adjusted EBITDA Margin | New“expected to decline relative to the same time period last year” | — | — | — | — | — | — | — |
| Free Cash Flow Margin | New“several points above our Adjusted EBITDA Margin” | — | — | — | — | — | — | — |
| ADR | New“increase modestly on a year-over-year basis” | — | — | — | — | — | — | — |
| Effective tax rate | New“approximately 20%” | — | — | — | — | — | — | — |
| Implied take rate | New“slightly lower on a year-over-year basis” | — | — | — | — | — | — | — |
| Nights and Experiences Booked growth | New“we expect year-over-year growth of Nights and Experienced Booked in Q4 2024 to be higher than Q3 2024” | — | — | — | — | — | — | — |
| Stock-based compensation (“SBC”) expense | New“approximately 25% higher than in full-year 2023” | — | — | — | — | — | — | — |
| Year-over-year growth of Nights and Experienced Booked | New“higher than Q3 2024” | — | — | — | — | — | — | — |
| No period stated | ||||||||
| Long-term effective tax rate | — | — | — | — | New“decline to the mid-to-high teens” | Reiterated“decline to the mid-to-high teens” | — | — |
| Migration of remaining hosts to single 15.5% service fee | — | — | — | — | — | — | — | New“expected to be completed this year” |
| SBC expense growth | New“will grow largely in-line with headcount growth” | — | — | — | — | — | — | — |
| Share repurchase authorization remaining | — | — | — | — | — | New“$5.6 billion” | — | — |
| Share repurchase program | — | — | — | New“authorization to purchase up to an additional $6 billion” | — | — | — | — |
Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.