New York, Feb 13, 2026, 05:24 (ET) — Premarket
Airbnb, Inc. jumped roughly 6% in Thursday’s after-hours action, buoyed by a first-quarter revenue forecast that beat Wall Street’s expectations and signs of solid appetite for upscale rentals. “Guests are choosing more expensive listings,” the company noted. (Reuters)
Shares settled at $115.96 on Thursday, down roughly 3%.
Why it matters now: Travel execs continue to talk up the split consumer — affluent travelers aren’t slowing, but those watching their budgets are dialing it back. Airbnb’s outlook falls somewhere in between, and whether investors get behind the mix-shift narrative could decide where the stock heads next, and how that plays into profits.
Airbnb, in its shareholder letter, projected first-quarter revenue in the $2.59 billion to $2.63 billion range—up 14% to 16% from last year, factoring in a roughly three-point boost from foreign exchange. Adjusted EBITDA margin, the company noted, should land about flat against last year. For the full year, Airbnb is targeting revenue growth of at least the low double digits, with operating margins holding steady as it puts more money into marketing, product, and technology. (s26.q4cdn.com)
Airbnb turned in $2.8 billion in revenue for the fourth quarter, with net income at $341 million and adjusted EBITDA hitting $786 million. Free cash flow totaled $521 million. Gross booking value landed at $20.4 billion—the tally for all bookings on the platform. The company recorded 121.9 million nights and seats booked. (s26.q4cdn.com)
Airbnb is pushing further into new business segments to drive growth outside its core home rental operations. The company pointed to ongoing expansion in both Airbnb Services and Airbnb Experiences. Notably, it said nearly 50% of experience bookings came without an accommodation attached. (s26.q4cdn.com)
The company has kicked off a hotel pilot in cities like New York, Los Angeles, Madrid, and San Francisco — all places where supply gets squeezed by demand or local rules. Adding hotels, it said, could open up a bigger total addressable market. There’s also a push to weave AI tools further into the app, including for customer support. (s26.q4cdn.com)
Chief Executive Brian Chesky, speaking on the earnings call, said the company’s hotel push has evolved into something bigger. “A lot of guests love to book homes and hotels,” he told analysts. (The Motley Fool)
Airbnb pointed to a set of product updates designed to streamline bookings. Among them: “Reserve Now, Pay Later,” which allows U.S. users to lock in qualified stays with zero upfront cost. The company wants to extend that option to a wider international audience in 2026. (s26.q4cdn.com)
Airbnb bought back $1.1 billion worth of Class A common stock in the fourth quarter, aiming to manage dilution, the company said. (s26.q4cdn.com)
The travel tape had action in other corners as well. Expedia projected a bump in adjusted core profit margin for Q1, yet flagged some caution for the rest of the year, citing choppy consumer spending and macro uncertainty. (Reuters)
The setup’s messy. Airbnb’s warning investors: don’t count on big margin gains, with cash still flowing into marketing and product. That narrows the cushion if booking growth slows down or tougher rules hit in major cities.
Markets are bracing for the January U.S. Consumer Price Index, set for release at 8:30 a.m. ET. The numbers have a track record of jolting both rate bets and investor sentiment. Another thing on the radar: how Airbnb shares react after earnings when the bell rings. (Bureau of Labor Statistics)
