Airbnb (ABNB) reported "strong" Q4 results, with new initiatives, experiences expansion, and artificial intelligence tools driving momentum, Wedbush Securities said in a note Friday.
The analysts said that recent growth was supported by the "Reserve Now, Pay Later" feature, which helped drive the strongest bookings growth in over two years. More than 70% of eligible US guests used the feature, with only a 1% increase in cancellations, the firm noted.
The analysts said Airbnb recently launched new artificial intelligence tools, with its AI assistant now handling about one-third of customer service tickets in North America and significantly reducing resolution times. Management said it will continue investing in growth through 2026 while maintaining "strong" margins.
The analysts said they now expect Airbnb's Q1 revenue to reach $2.6 billion, up 15% year-over-year, with adjusted earnings before interest, taxes, depreciation, and amortization of $484 million. For the full-year, analysts project adjusted EBITDA of $4.8 billion, representing a 12.2% increase compared with 2025.
Wedbush is maintaining its neutral rating and $130 price target on Airbnb.
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