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Dec 31, 2021
Wheels Up Q4 2021 Earnings Report
Announced record revenue, strong membership growth, and prepaid block sales, while also progressing with technology initiatives to optimize long-term profitability.
Key Takeaways
Wheels Up Experience Inc. reported a record revenue for Q4 2021, with a 64% increase year-over-year to $345 million. Active Members grew by 31% to 12,040, and Live Flight Legs increased by 63% to 20,296. However, the net loss increased by $42 million to $77 million, and Adjusted EBITDA decreased by $35 million to a loss of $46 million.
Revenue increased 64% year-over-year to $345 million.
Active Members grew 31% year-over-year to 12,040 in total.
Live Flight Legs increased 63% year-over-year to 20,296 in total.
Prepaid block sales grew more than 80% to $540 million.
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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