Airbnb — Aug 6, 2025 release

Share repurchases for the trailing twelve months totaling $3.7 billion helped us reduce our fully diluted share count from 673 million at the end of Q2 2024 to 652 million at the end of Q2 2025. As of June 30, 2025, we had the authorization to purchase up to $1.5 billion of our Class A common stock under our current share repurchase plan and today, we’re announcing a new share repurchase program with authorization to purchase up to an additional $6 billion of our Class A common stock. Outlook Q2 2025 marked another strong quarter for the business, with year-over-year growth of nights booked accelerating throughout the three months. We also saw a sequential acceleration in growth of nights booked on an origin basis across several key countries, including Canada, Germany, and Japan. As we look ahead to Q3, we’re encouraged by current demand trends. That said, we expect a tougher year-over-year comparison toward the end of the quarter. This dynamic will continue into Q4, putting pressure on growth rates later in the year. ¦ Q3 Revenue. In Q3 2025, we expect to generate revenue of $4.02 billion to $4.10 billion, representing year-over-year growth of 8% to 10%, inclusive of minimal foreign exchange impact after factoring in our hedging program. We anticipate our implied take rate in Q3 2025 to be flat year-over year. ¦ Q3 Nights and Seats Booked and ADR. In Q3 2025, we expect year-over-year growth of Nights and Seats Booked to be relatively stable compared to Q2 2025. While we have seen an acceleration of nights booked growth in July, particularly in North America, we are mindful of the tougher year-over-year comparison towards the end o