11:20 AM EST, 11/07/2025 (MT Newswires) -- Airbnb ( ABNB ) reported strong Q3 results and provided an optimistic outlook for the Q4, signaling that its strategic investments in new services and technology are beginning to pay off, Wedbush said in a Friday note.

According to the report, the travel platform saw gross booking value rise 13.9% year over year, about 480 basis points above Street estimates, and nights and experiences booked increase 8.8%, roughly 150 basis points ahead of consensus.

For the Q4, the company expects low double-digit GBV growth and 7%-10% revenue growth, both above forecasts, with full-year adjusted earnings before interest, taxes, depreciation, and amortization margin guided to about 35%, up from 34.5% previously.

Airbnb ( ABNB ) highlighted advances in its technology and artificial intelligence initiatives, such as the "Reserve Now, Pay Later" feature and an AI assistant that has reduced customer support requests by roughly 15%, the note said.

The company's new experiences and services segment also showed strong momentum, with roughly half of bookings independent of stays, underscoring opportunities for user growth and cross-selling.

The firm maintained its neutral rating on the stock, with a price target of $130.

Shares of the company were down over 2% in recent trading.

Price: 117.80, Change: -2.73, Percent Change: -2.26