NYSE$UP
Wheels Up Experience Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Wheels Up reported record revenue driven by strong flight demand and growth in active members.
Wheels Up Experience Inc. announced strong second-quarter results, with revenue increasing by 49% year-over-year to $425.5 million. Growth was fueled by strong demand in prepaid block sales and a rise in active members. However, the company's net loss increased to $92.8 million, and Adjusted EBITDA decreased to a loss of $46.9 million.
- Revenue increased 49% year-over-year to $425.5 million.
- Prepaid block sales were up 187% year-over-year.
- Active Members increased 20% year-over-year to 12,667.
- Net loss increased to $92.8 million.
Headline financials
Revenue & EPS history
Wheels Up · Revenue · Quarterly
$426M
Revenue by segment
Wheels Up · $365M total across 3 segments · Q2 2022
- Flight$284M+33.6%77.9%
- Other$56.7M+736.7%15.5%
- Membership$24M+48.4%6.6%
Forward guidance
Wheels Up expects technology investments and operational focus to drive Adjusted EBITDA profitability in 2024.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2022
-3.5%
Avg return
Earnings day
-5.9%
Avg return
5 days after
-6.8%
Avg return
30 days after
36%
8 / 22 earnings
Positive
+34.8%
Q2 2023
Best reaction
-36.2%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.8% | -16.6% | +13.8% | |
| Q4 2025 | -12.4% | -6.1% | -28.3% | |
| Q3 2025 | +5.1% | +3.3% | -49.6% | |
| Q1 2025 | -3.5% | -7.8% | +13.9% | |
| Q4 2024 | +5.6% | +1.9% | -25.2% | |
| Q3 2024 | -7.4% | -6.5% | -1.4% | |
| Q2 2024 | -4.9% | -9.2% | -8.6% | |
| Q1 2024 | +0.9% | +20.2% | -9.9% | |
| Q4 2023 | -12.0% | -10.5% | -3.3% | |
| Q3 2023 | -10.0% | -10.7% | +32.9% | |
| Q2 2023 | +34.8% | +18.8% | +137.5% | |
| Q1 2023 | -36.2% | -42.8% | -39.4% | |
| Q4 2022 | -12.2% | -24.3% | -29.1% | |
| Q3 2022 | -3.7% | -8.0% | -36.8% | |
| Q2 2022 | +10.2% | +4.7% | -32.5% | |
| Q1 2022 | +11.7% | +21.2% | -2.3% | |
| Q4 2021 | -11.4% | -12.0% | -11.7% | |
| Q4 2019 | -11.4% | -12.0% | -11.7% | |
| Q3 2021 | -20.9% | -20.9% | -42.5% | |
| Q2 2021 | -3.2% | -10.2% | -11.4% | |
| Q1 2021 | +0.0% | +0.0% | -0.1% | |
| Q4 2020 | +0.4% | -2.3% | -4.4% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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