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Sep 30, 2024
Clear Q3 2024 Earnings Report
Clear's Q3 2024 performance was marked by revenue growth, increased bookings, and strategic expansions in identity verification solutions.
Key Takeaways
Clear Secure, Inc. reported strong Q3 2024 financial results, with revenue increasing by 23.7% to $198.4 million and total bookings growing by 18.7% to $227.5 million. The company saw growth in total cumulative enrollments and platform uses, as well as active CLEAR Plus members. CLEAR also focused on expanding its secure identity network through enterprise integrations and new product launches.
Revenue increased by 23.7% to $198.4 million, and total bookings grew by 18.7% to $227.5 million.
Total cumulative enrollments reached 26.5 million, driven by growth in CLEAR Verified and CLEAR Plus enrollments.
Active CLEAR Plus Members increased to 7.2 million, up 12.2% year-over-year.
The company repurchased 4 million shares and continues to optimize the CLEAR Plus member experience.
Forward Guidance
The company expects fourth quarter 2024 revenue of $202-$204 million and Total Bookings of $224-$226 million. For the full year of 2024, they expect to deliver expanding margins and Free Cash Flow growth of at least 40% versus 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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