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Revenue
$3,608.0M
+34.7% QoQ · +16.5% YoY
Adjusted EBITDA Margin
35.0%
+84.2% QoQ · +2.9% YoY
Gross Booking Value
27.2$B
-6.8% QoQ · +15.7% YoY
Nights and Seats Booked
148.3M
-5.1% QoQ · +10.3% YoY
Avg Daily Rate (GBV per Night/Seat)
183.7$
-1.7% QoQ · +5.3% YoY
Implied Take Rate
13.2%
+43.5% QoQ · +0.0% YoY
Adjusted EBITDA Margin (%)
Nights and Seats Booked (M)
Avg Daily Rate (GBV per Night/Seat) ($)
Why these KPIs
Airbnb's shareholder letter names GBV and Nights and Seats Booked as its official 'Key Business Metrics,' and every letter carries a dedicated 'Monetization and Take Rate' section (revenue/GBV) plus Revenue, Adjusted EBITDA Margin, and ADR (GBV per Night/Seat) — the recurring set management uses for its own QoQ/YoY narrative.
| Period | Revenue | Adjusted EBITDA Margin | Gross Booking Value | Nights and Seats Booked | Avg Daily Rate (GBV per Night/Seat) | Implied Take Rate |
|---|
| Q3 2024 | $3,732.0M | 52.0% | 20.1$B | 122.8M | 163.6$ | 18.6% |
| Q4 2024 | $2,480.0M | 31.0% | 17.6$B | 111.0M | 158.1$ | 14.1% |
| Q1 2025 | $2,272.0M | 18.0% | 24.5$B | 143.1M | 171.3$ | 9.3% |
| Q2 2025 | $3,096.0M | 34.0% | 23.5$B | 134.4M | 174.5$ | 13.2% |
| Q3 2025 | $4,095.0M | 50.0% | 22.9$B | 133.6M | 171.3$ | 17.9% |
| Q4 2025 | $2,778.0M | 28.0% | 20.4$B | 121.9M | 167.5$ | 13.6% |
| Q1 2026 | $2,678.0M | 19.0% | 29.2$B | 156.2M | 186.8$ | 9.2% |
| Q2 2026 | $3,608.0M | 35.0% | 27.2$B | 148.3M | 183.7$ | 13.2% |