Airbnb posts increased quarterly income on international journey demand, World Cup enhance | WTVB | 1590 AM · 95.5 FM

By Aishwarya Jain and Doyinsola Oladipo

Aug 6 (Reuters) – Vacation rental firm Airbnb posted an increase in second-quarter income on Thursday, helped by sturdy international demand for journey and a lift from first ​time customers through the FIFA World Cup hosted within the U.S., ‌Canada and Mexico.

Travel firms, together with on-line companies Expedia and Booking, have benefited considerably from the lately concluded FIFA World Cup. Airbnb famous that its North American bookings through the second quarter recorded the best progress in virtually three years. Shares of the San ‌Francisco-based ​firm rose 11.58% in prolonged buying and selling.

Globally, nights and ⁠seats booked, a metric that ⁠contains each room stays and repair bookings, rose 10% to $148.3 million within the quarter. In North America, which made up over 40% of its income in 2025, quarterly bookings rose by a “high-single digit” share.

The World Cup ​and progress in markets like Brazil and India has helped the corporate partially offset the stress from the Iran conflict, which has damage ⁠long-haul worldwide journey by way of flight re-routings and ⁠increased jet gasoline prices. Airbnb stated it has noticed a ​regular restoration of demand developments within the Middle East.

Since final May, the corporate ​has broadened its platform to incorporate providers resembling personal ‌cooks and automotive leases, and 1000’s of boutique motels, signifying a continued transfer past its unique rental focus.

Investors and analysts have intently watched its enlargement efforts, because the shift strikes it towards a extra standard on-line journey company, ⁠probably placing it in competitors with heavyweights resembling Booking, Expedia and TripAdvisor.

Airbnb’s lodge nights booked grew almost 3 times quicker than properties, although they nonetheless ⁠characterize solely a single-digit ‌share of complete nights booked, it stated.

The firm expects ⁠2026 income to enhance “at least mid teens”, in contrast with ​a ‌vary of “low to mid teens” forecast earlier.

It posted earnings ​per share ⁠of $1.37 for the quarter ended June 30, in contrast with $1.03 a 12 months in the past.

Quarterly income stood at $3.61 billion, up from $3.1 billion a 12 months earlier. Analysts, on common, estimated income of $3.57 billion and earnings per share of $1.25, in response to knowledge compiled by LSEG.

(Reporting by Aishwarya Jain in Bengaluru and Doyinsola Oladipo in New York; Editing ​by Shilpi Majumdar)