Blade Air Mobility Announces Fourth Quarter 2024 Results
Blade Air Mobility, Inc. - Class A (BLDE)
Company Research
Source: GlobeNewswire
Full-year net loss improved by $28.8 million versus the prior year to $(27.3) million in FY 2024; Adjusted EBITDA improved by $17.8 million versus the prior year to $1.2 million in FY 2024(1)Full-year Passenger Segment Adjusted EBITDA of $3.6 million in 2024 represents an $8.6 million increase versus the prior year Q4 revenue increased 14.5% versus the prior year to $54.4 million in 2024. Excluding Canada, which we exited in August 2024, revenue increased 22.1% versus the prior year period(1)Net loss improved by $24.1 million versus the prior year to $(9.8) million in Q4 2024; Adjusted EBITDA improved by $4.9 million versus the prior year to $(0.4) million in Q4 2024(1)Medical Segment Adjusted EBITDA improved 119.6% to $5.5 million in Q4 2024 versus the prior yearReaffirming guidance for double-digit millions of Adjusted EBITDA in 2025(2) NEW YORK, March 13, 2025 (GLOBE NEWSWIRE) -- Blade Air Mobility, Inc. (Nasdaq: BLDE, "Blade" or the "Company"), today ann
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