NYSE$YOU
Clear Secure Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
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.
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%.
Headline financials
Revenue & EPS history
Clear · Revenue · Quarterly
$187M
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.
Tailwinds
- 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
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2024
+2.3%
Avg return
Earnings day
+4.8%
Avg return
5 days after
+3.4%
Avg return
30 days after
53%
10 / 19 earnings
Positive
+39.3%
Q4 2025
Best reaction
-10.7%
Q2 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.7% | -3.3% | -8.3% | |
| Q4 2025 | +39.3% | +43.5% | +41.7% | |
| Q3 2025 | +0.8% | +17.2% | +5.4% | |
| Q1 2025 | -0.2% | -4.2% | +2.7% | |
| Q4 2024 | -6.5% | +0.0% | +11.7% | |
| Q3 2024 | -0.3% | -24.6% | -25.7% | |
| Q2 2024 | -9.6% | +13.3% | +42.3% | |
| Q1 2024 | +0.2% | -3.8% | -5.4% | |
| Q4 2023 | +4.5% | +2.7% | +15.5% | |
| Q3 2023 | -1.0% | +10.1% | +25.1% | |
| Q2 2023 | -0.1% | -0.7% | -5.7% | |
| Q1 2023 | +3.7% | -1.1% | +2.5% | |
| Q4 2022 | -6.2% | -4.6% | -14.9% | |
| Q3 2022 | +2.9% | +25.1% | +22.9% | |
| Q2 2022 | +3.4% | -5.1% | -14.3% | |
| Q1 2022 | +12.3% | +36.6% | -7.8% | |
| Q4 2021 | +10.0% | +14.0% | +34.3% | |
| Q3 2021 | -2.2% | -14.2% | -41.8% | |
| Q2 2021 | -10.7% | -9.0% | -15.5% | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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