NYSE$UP

Wheels Up Experience Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Wheels Up reported Q4 2024 revenue of $204.8M, a net loss of $87.5M.

For Q4 2024, Wheels Up reported Revenue was $204.8M, net loss was $87.5M. Management discusses segment trends, liquidity, and outlook in the quarterly filing.

  • Revenue $204.8M for Q4 2024.
  • Net loss $87.5M.
  • MD&A highlights operating priorities, liquidity, and sector risks.

Headline financials

Total Revenue

$205M

Previous: $246M-16.9%
EPS (adj)

-$0.13

Previous: -$0.14+7.1%
Utility

41.1

No prior period
Completion Rate

98.0%

No prior period
On-Time Performance (D-60)

87.0%

No prior period
Adjusted EBITDA

-$11.3M

Previous: -$38.1M+70.3%
Adjusted Contribution

$39.6M

No prior period
Adjusted Contribution Margin

19.3%

No prior period
Adjusted EBITDAR

-$3.17M

No prior period
Capital Expenditures

-$112M

Previous: -$8.28M-1249.9%
Net Income

-$87.5M

Previous: -$81.1M-7.9%
Operating Income

-$55.1M

Previous: -$64.9M+15.1%
Gross Profit

$15.5M

Previous: -$15.8M+198.0%
R&D Expense

$9.49M

Previous: $11.6M-18.3%

Revenue & EPS history

Wheels Up · Revenue · Quarterly

$205M

Q4 2024-16.9%vs Q4 2023
Beat estimate in 3 of 10 quarters(30%)
ActualEstimate

Revenue by segment

Wheels Up · $267M total across 3 segments · Q3 2023

  • Flight
    $215M-23.0%
  • Other
    $31.6M-47.5%
  • Membership
    $20.6M-8.0%

Forward guidance

Outlook emphasizes clinical milestones, liquidity runway, and operating expense discipline.

Tailwinds

  • Pipeline progress and partnership economics.
  • Cash supports near-term operating plans.

Headwinds

  • Operating losses until commercial scale.
  • Financing and trial outcomes affect funding costs.

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 2024

Historical avgQ4 2024

-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

Earnings price reactions
QuarterReport dateReaction (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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