NYSE$UP
Wheels Up Experience Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Wheels Up reported record revenue for the fourth quarter of 2022, leveraging a strong foundation for future profitability and growth.
Wheels Up's Q4 2022 revenue increased by 18% year-over-year to $408 million. Active Members increased 5% year-over-year to 12,661. Net loss increased $162 million year-over-year to $239 million, primarily driven by a non-cash impairment charge of $132 million. Adjusted EBITDA improved by $3 million year-over-year to a loss of $44 million.
- Revenue increased 18% year-over-year to $408 million.
- Active Members increased 5% year-over-year to 12,661.
- Live Flight Legs decreased 5% year-over-year to 19,308.
- Net loss increased $162 million year-over-year to $239 million, primarily driven by a non-cash impairment charge of $132 million.
Headline financials
Revenue & EPS history
Wheels Up · Revenue · Quarterly
$408M
Revenue by segment
Wheels Up · $346M total across 3 segments · Q4 2022
- Flight$274M+8.5%79.0%
- Other$49.6M+735.1%14.3%
- Membership$23.1M+12.8%6.7%
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 Q4 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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