In the present day, we issued our second quarter 2025 quarter monetary outcomes. You possibly can learn the small print here. Airbnb Co-Founder and CEO Brian Chesky mentioned:
“We had a powerful Q2, exceeding expectations throughout our key metrics, which displays the progress we’ve made in opposition to our priorities, together with unveiling Airbnb’s subsequent chapter. We’re excited by the early momentum behind the launch of Airbnb providers and reimagined Airbnb experiences, and imagine each can be key contributors to long-term progress.”
Overview of Q2 Outcomes
Airbnb had a powerful Q2, exceeding expectations throughout key metrics together with bookings, income, and margins. Regardless of world financial uncertainty early within the quarter, journey demand picked up, and nights booked on Airbnb accelerated from April to July.
We continued executing on our multi-year technique to good our core service, speed up progress in world markets, and launch and scale new choices. We made significant progress throughout every space all through the quarter.
Excellent our core service: We drove progress in Q2 by constructing on the tons of of product enhancements we’ve remodeled the previous few years. In the course of the quarter, we noticed a carry in income from enhancements throughout checkout, messaging, merchandising, and extra versatile fee choices. We’re additionally increasing our AI-powered customer support agent to 100% of U.S. customers, decreasing the proportion of hosts and company who wanted to contact a human agent by 15%. We plan to roll this out to extra international locations and languages later this 12 months.
Speed up progress in world markets: For six consecutive quarters, nights booked on an origin foundation in our enlargement markets have grown at about twice the speed of our core markets. This sustained progress is a results of our deal with reaching product-market match, rising model consciousness, and driving site visitors in key international locations. Japan is one instance. Late final 12 months, we launched a model marketing campaign centered on home journey to lift consciousness of Airbnb amongst Japanese vacationers. We’re inspired by the early outcomes. In Q2, nights booked by Japanese vacationers accelerated from Q1, pushed by extra home journey and a 15% year-over-year enhance in first-time bookers.
Launch and scale new choices: In Might, we expanded past stays with the launch of Airbnb Companies and reimagined Airbnb Experiences. We additionally launched an all-new Airbnb app, making it simpler to guide stays, experiences, and providers in a single place. We’re excited by the early momentum, with rising consciousness, constructive suggestions from company, and overwhelming curiosity from potential hosts. Whereas it’s nonetheless early, we imagine these new companies can be key drivers of sustainable long-term progress.
Q2 2025 Monetary Outcomes
Right here’s a snapshot of our Q2 2025 outcomes:
- Q2 income was $3.1 billion, up 13% year-over-year. Income elevated to $3.1 billion in Q2 2025 from $2.7 billion in Q2 2024, primarily pushed by strong progress in nights stayed, a slight enhance in Common Day by day Fee (“ADR”), and the timing of Easter.
- Q2 web revenue grew 16% Y/Y to $642 million, representing a 21% web revenue margin. Internet revenue elevated 16% to $642 million in Q2 2025, up from $555 million in Q2 2024 primarily on account of greater income.
- Q2 Adjusted EBITDA grew 17% Y/Y to $1.0 billion, representing a 34% Adjusted EBITDA Margin. Adjusted EBITDA elevated 17% to $1.0 billion in Q2 2025, up from $894 million in Q2 2024 primarily on account of greater income.1
- Q2 Free Money Circulate was $1.0 billion, representing a FCF Margin of 31%. Internet money offered by working actions of $1.0 billion in Q2 2025 was barely decrease in comparison with $1.1 billion in Q2 2024 on account of modifications in working belongings and liabilities. Our TTM FCF was $4.3 billion, representing a TTM FCF Margin of 37%.2
- Q2 share repurchases of $1.0 billion. As of June 30, 2025, we had $11.4 billion of money and money equivalents, short-term investments, and restricted money, in addition to $11.1 billion of funds held on behalf of company. Our sturdy money move enabled us to repurchase $1.0 billion of our Class A standard inventory in Q2 2025. Share repurchases for the trailing twelve months totaling $3.7 billion helped us cut back our absolutely diluted share depend from 673 million on the finish of Q2 2024 to 652 million on the finish of Q2 2025. As of June 30, 2025, we had the authorization to buy as much as $1.5 billion of our Class A standard inventory beneath our present share repurchase plan and at this time, we’re saying a brand new share repurchase program with authorization to buy as much as a further $6 billion of our Class A standard inventory.
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