Airbnb, Inc.

Airbnb spent two years rebuilding and is now compounding: growth accelerated from 10% to 18%, guidance was raised twice, and AI is the engine behind both faster shipping and cheaper service. The question is what happens to profit while the new businesses stay small.How much of 2026's growth comes from hotels, services and experiences?

• Growth reaccelerated four quarters running and management keeps raising the target.

  Revenue growth went from 10% to 18% and management raised full-year 2026 revenue guidance twice. The company also beat its own revenue estimate in each of the last four reports, so this is delivered growth rather than promised growth.Which regions are driving the reacceleration versus the core markets?

• AI is now both the product engine and the cost cutter.

  AI cut the time from idea to launch by up to 60% and lifted features shipped nearly 80%, while support cost per booking fell 16%. The AI bill is trivial next to the extra revenue each booking brings, so the savings reach profit.How much of the margin gain comes from AI cutting support costs?

• The new businesses grow fast but are still far too small to carry profit.

  Hotels are still a single-digit share of nights booked even as they grow about three times faster than homes; services and experiences are years away. Incentives for them hold the share Airbnb keeps on each booking flat.