Airbnb reported third-quarter earnings of $3.16 per share on revenue of $4.87 billion, surpassing estimates and marking a 19% year-over-year revenue increase.

The company raised its full-year 2026 revenue growth guidance to a high-teens percentage, signaling stronger top-line momentum amid resilient global leisure travel demand.

Airbnb’s stock jumped about 10% after beating expectations and lifting guidance amid robust global travel demand.

CEO Brian Chesky highlighted the advantages of a custom AI-native experience designed to tailor travel interfaces to individual needs.

Guidance assumes macro calm and excludes potential unrest in France or the Middle East, with Q4 growth expected to dip slightly due to timing of marketing spend.

In North America, nights booked grew at the fastest pace in four years as more guests return and first-time users rise.

Analysts’ price targets range from about $180 to $245, reflecting shifting consensus from confirming growth to pricing in potential gains.

Airbnb sold select intellectual property to a privately held AI lab founded by Chesky for $7.1 million in cash and is developing its own AI agent for travel planning, slated for rollout in the first half of 2027.

Catalysts include Q4 revenue guidance, a $12 billion stock repurchase program, an AI Travel Agent launch in 2027, hotel/services expansion, a new AmEx partnership, and potential upside from estimate revisions.

Customer support cost per booking declined more than 17% in the quarter, with roughly 40% of issues resolved without human agents.

Global nights and seats booked rose 16% to 155 million; North America bookings were in the low double-digits, and EMEA bookings in the mid-teens year over year.

Airbnb has a history of turning profitability positive after misses, with notable beats in Q2 and Q3 following earlier shortfalls.