Airbnb stock jumps after Q3 2026 earnings beat estimates
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The gist
Airbnb stock jumped late Thursday after third-quarter results easily beat estimates.
The beat follows a volatile year of highs and a 20% pullback.
Background
Airbnb Inc. (NASDAQ: ABNB) is the online accommodations platform whose stock and earnings are the subject of the coverage. The shares had swung widely in 2026: they hit a 52-week high of $190.50 in August after a strong second quarter, then sat 20.1% below that peak at $152.29 on September 23 before recovering. Ahead of the November 5 report, the stock rose 5.64% to $176.37, with analysts expecting revenue of roughly $4.75 billion and EPS of $2.85 to $2.89.
How it unfolded
- Aug 6, 2026On its earnings call, Airbnb raised its 2026 revenue growth forecast to at least the mid-teens, up from the low-to-mid-teens given in May.
- Aug 7, 2026Following its Q2 earnings report, ABNB stock jumped 17%, closing at $178.07.
- Aug 24, 2026The stock climbed to $193.45, its highest level since April 2022.
- Sep 9, 2026A news report said new EU plans will give European cities more room to limit short-term rentals such as Airbnb.
- Sep 23, 2026Shares traded at $152.29, up 14.5% year-to-date but 20.1% below the 52-week high of $190.50 from August 2026.
- Sep 30, 2026Shares jumped 2.7% in the morning session to $161.20 after Airbnb introduced its 2026 fall update with AI search tools, social travel features and new guest services.
- Oct 2, 2026Cantor Fitzgerald assumed coverage on Airbnb with an overweight rating.
- Nov 3, 2026Raymond James reiterated an Outperform rating and $200 price target; the stock traded at $171.11, up 26% year-to-date.
- Nov 5, 2026Ahead of the release the stock rose 5.64% to $176.37; after the U.S. market close, Airbnb stock jumped after posting third-quarter results that easily beat estimates.
Key terms
- EPS
- The monetary value of earnings per outstanding share of common stock for a company over a defined period.
- overweight rating
- An analyst rating indicating a stock is expected to outperform other stocks or its benchmark.
- adjusted EBITDA margin
- A company's operating profit before interest, taxes, depreciation, and amortization, often further adjusted for certain costs.
Source: Wikipedia
Who’s saying what
- Bulls
- Raymond James reiterated an Outperform rating and $200 price target, citing underappreciated artificial intelligence and core business tailwinds ahead of earnings.
- Bulls
- B. Riley maintains a buy rating with a $210 price target, pointing to positive travel industry trends and market share gains.
- Caution
- Wells Fargo kept an Overweight rating but slightly lowered its price target to $185, citing macroeconomic challenges and softer app trends.
- Official
- Airbnb management projects Q3 revenue of $4.69 billion to $4.77 billion (15% to 17% year-on-year growth) and lifted its adjusted EBITDA margin target to 35.5%.
Still unverified
InvestingPro data suggests the shares remain slightly undervalued at current levels; a September 9 news report said new EU plans will give European cities more room to limit short-term rentals such as Airbnb.