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• Net income was $816 million with a 23% net income margin.
• Adjusted EBITDA was $1.3 billion, up 21% year-over-year, with a 35% margin.
• Gross Booking Value was $27.2 billion, up 16% year-over-year (15% ex-FX); Nights and Seats Booked grew 10% to 148.3 million.
• For Q3 2026, revenue expected between $4.69B and $4.77B (15-17% Y/Y growth); full-year 2026 Adjusted EBITDA Margin expected at least 35.5%.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• At the June 5, 2026 annual meeting, stockholders elected Nathan Blecharczyk, Alfred Lin, and James Manyika as Class III directors for three-year terms.
• The advisory say-on-pay proposal for named executive officer compensation was approved with 3,785,488,625 votes for.
• Five stockholder proposals—on digital services risk oversight, charitable support discrimination, dual-class sunset, and politicized divestments—were all defeated.
• The report was filed under Item 5.07 to disclose the final voting results of the annual meeting.

5.07 Submission of Matters to a Vote of Security Holders

• Net income was $160 million (6% margin); Adjusted EBITDA was $519 million (19% margin), up 24% year-over-year.
• Gross Booking Value was $29.2 billion, up 19% year-over-year (13% ex-FX); Nights and Seats Booked grew 9% to 156.2 million.
• Q2 2026 revenue guidance is $3.54–$3.60 billion (14–16% growth); full-year 2026 revenue growth now expected to accelerate to low-to-mid teens, with Adjusted EBITDA margin of at least 35%.
• Free cash flow was $1.7 billion (64% margin); trailing twelve-month free cash flow was $4.5 billion (36% margin).

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• The notes are general unsecured senior obligations, governed by an indenture with U.S. Bank Trust Company, National Association as trustee.
• Airbnb may redeem the notes at its option prior to the applicable Par Call Date at a price based on Treasury Rate plus a spread (10-20 basis points depending on the series), and at par on or after that date.
• Holders have the right to require repurchase at 101% of principal plus accrued interest upon a Change of Control Triggering Event.
• On March 16, 2026, Airbnb used net proceeds from the offering to repay $2.0 billion aggregate principal amount of its 0% convertible senior notes due March 2026 at maturity.

1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 8.01 Other Events · 9.01 Financial Statements and Exhibits

• Q4 2025 Adjusted EBITDA was $786 million (28% margin), up 3% from $765 million in Q4 2024.
• Q4 2025 Gross Booking Value was $20.4 billion, up 16% Y/Y (13% ex-FX), and Nights and Seats Booked rose 10% Y/Y to 121.9 million.
• Full-year 2025 revenue was $12.2 billion (up 10% Y/Y), net income was $2.5 billion (21% margin), and Adjusted EBITDA was $4.3 billion (35% margin).
• For Q1 2026, Airbnb expects revenue of $2.59–$2.63 billion (14–16% Y/Y growth) and for full-year 2026, revenue growth to accelerate to at least low double digits.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Aristotle Balogh notified Airbnb on November 18, 2025, that he will leave his role as Chief Technology Officer in December 2025.
• The company acknowledged his seven years of service and leadership as CTO.
• The filing includes forward-looking statements regarding Mr. Balogh's continued services.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements

• Q3 2025 revenue was $4.1 billion, up 10% year-over-year (10% ex-FX), at the high end of guidance.
• Gross Booking Value was $22.9 billion, up 14% Y/Y (12% ex-FX); Nights and Seats Booked were 133.6 million, up 9% Y/Y.
• Q4 2025 revenue is expected to be $2.66 billion to $2.72 billion, representing 7% to 10% Y/Y growth.
• Full-year 2025 Adjusted EBITDA Margin is expected to be approximately 35%, including ~$200 million investment in services and experiences.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Net income grew 16% Y/Y to $642 million, with a 21% net income margin.
• Adjusted EBITDA grew 17% Y/Y to $1.0 billion, with a 34% Adjusted EBITDA Margin.
• Free Cash Flow was $1.0 billion (31% FCF margin); TTM FCF was $4.3 billion (37% TTM FCF margin).
• Q3 2025 revenue guidance is $4.02–$4.10 billion (8–10% Y/Y growth); FY 2025 Adjusted EBITDA Margin expected at least 34.5%.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits