Blade Q2 2024 Earnings Report
Key Takeaways
Blade Air Mobility reported an 11.4% increase in total revenue to $67.9 million, marking its first Adjusted EBITDA positive Q2 as a public company. The Medical and Passenger segments demonstrated strong performance, contributing positive Segment Adjusted EBITDA. The company is reaffirming its guidance for full year 2024, expecting revenue of $240 million to $250 million and positive Adjusted EBITDA.
Net loss improved by $0.9 million versus the prior year to $(11.3) million in Q2 2024
Adjusted EBITDA improved by $5.4 million versus the prior year to $1.0 million in Q2 2024
Medical revenue reached $38.3 million in Q2 2024, a 6.4% sequential increase versus Q1 2024
Passenger Segment Adjusted EBITDA was positive, improved by $2.9 million versus the prior year period
Blade
Blade
Forward Guidance
The Company is reaffirming its guidance. For the full year 2024, we expect Revenue of $240 million to $250 million and Positive Adjusted EBITDA. For the full year 2025, we expect Double-digit year-over-year revenue growth and Double-digit Adjusted EBITDA