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Jun 30, 2024
Clear Q2 2024 Earnings Report
Clear's revenue and total bookings increased, driven by member growth and price increases. The company demonstrated improved member experience and scaled TSA PreCheck and Clear Verified.
Key Takeaways
Clear Secure, Inc. reported a strong second quarter with revenue up 24.6% year-over-year to $186.7 million and total bookings up 12.5% to $197.0 million. The company added a record 2.3 million members and generated significant operating and free cash flow.
Revenue increased by 24.6% to $186.7 million, and Total Bookings increased by 12.5% to $197.0 million.
Total Cumulative Enrollments reached 24.2 million, a sequential increase of 2.3 million.
Active CLEAR Plus Members reached 7.1 million, a 14.8% increase year-over-year.
Annual CLEAR Plus Gross Dollar Retention was 89.3%.
Forward Guidance
The company expects third quarter 2024 revenue of $193-$195 million and Total Bookings of $220-$222 million. For the full year of 2024, company expects to deliver strong revenue and Total Bookings growth, expanding margins and Free Cash Flow growth of at least 40% versus 2023.
Positive Outlook
- Expects strong revenue growth
- Expects total bookings growth
- Expects expanding margins
- Expects Free Cash Flow growth of at least 40% versus 2023.
- Third quarter 2024 revenue of $193-$195 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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