Blade air mobility announces fourth quarter 2024 results

Full-year net loss improved by $28.8 million versus the prior year to $(27.3) million in fy 2024; adjusted ebitda improved by $17.8 million versus the prior year to $1.2 million in fy 2024 (1) full-year passenger segment adjusted ebitda of $3.6 million in 2024 represents an $8.6 million increase versus the prior year q4 revenue increased 14.5% versus the prior year to $54.4 million in 2024. excluding canada, which we exited in august 2024, revenue increase d 22.1% ver sus the prior year period (1) net loss improved by $24.1 million versus the prior year to $(9.8) million in q4 2024; adjusted ebitda improved by $4.9 million versus the prior year to $(0.4) million in q4 2024 (1) medical segment adjusted ebitda improved 119.6% to $5.5 million in q4 2024 versus the prior year reaffirming guidance for double-digit millions of adjusted ebitda in 2025 (2) new york, march 13, 2025 (globe newswire) -- blade air mobility, inc. (nasdaq: blde, "blade" or the "company"), today announced financial results for the fourth quarter ended december 31, 2024.
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