Airbnb Inc. reported its financial results for the fourth quarter (Q4) and full year (FY) 2025. In Q4 2025, Airbnb posted revenue of EUR 2.8 billion, reflecting a 12 percent year-over-year increase. Net income for the period was EUR 341 million, with a net income margin of 12 percent. Adjusted EBITDA reached EUR 786 million, representing an adjusted EBITDA margin of 28 percent. Free cash flow for the quarter was EUR 521 million, corresponding to a 19 percent margin. For the full year 2025, revenue totaled EUR 12.2 billion, up 10 percent year-over-year. Net income for the year was EUR 2.5 billion, with a net income margin of 21 percent. Adjusted EBITDA came in at EUR 4.3 billion, with a margin of 35 percent. Full-year free cash flow was EUR 4.6 billion, representing a 38 percent margin. Key business metrics for Q4 2025 included gross booking value (GBV) of EUR 20.4 billion, up 16 percent year-over-year, and nights and seats booked of 121.9 million, up 10 percent. For FY 2025, GBV reached EUR 91.3 billion, an increase of 12 percent, and nights and seats booked totaled 533 million, up 8 percent year-over-year. Airbnb highlighted strong momentum closing out 2025, delivering double-digit growth across key top-line metrics during the fourth quarter. The company noted that its business accelerated in Q4 compared to Q3, with ongoing enhancements to its platform and updated cancellation policies. Airbnb also referenced continued investment in artificial intelligence and the success of its offerings beyond accommodations.

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