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Blade Air Mobility (BLDE)
NASDAQ:BLDE
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.12Last Year’s EPS
-0.06Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 13, 2025
|% Change Since: -7.77%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
Blade Air Mobility demonstrated significant financial achievements with its first full year of adjusted EBITDA profitability and strong revenue growth in the passenger and medical segments. Strategic partnerships and technological advancements are promising for future growth. However, challenges such as exiting the Canadian market, volatility in medical segment revenue, and elevated maintenance costs present near-term hurdles.Company Guidance
During Blade Air Mobility's Fiscal Fourth Quarter 2024 Earnings Conference Call, the company provided comprehensive guidance on its financial performance and strategic direction. Blade reported its first full year of adjusted EBITDA profitability, with a $17.8 million year-over-year improvement in 2024. The company's revenue, excluding Canada, increased by 22.1% in Q4 2024, while flight profit rose by 40% year-over-year, and adjusted EBITDA grew by $4.9 million. Blade's passenger segment achieved a $3.6 million adjusted EBITDA for the full year 2024, marking an $8.6 million increase compared to the previous year. In the medical segment, adjusted EBITDA improved by 119.6% year-over-year on 13.7% revenue growth, with Q4 marking the first quarter where medical segment adjusted EBITDA margins exceeded the 15% target. Looking ahead to 2025, Blade expects revenue between $245 million and $265 million, with double-digit adjusted EBITDA. The passenger segment is anticipated to generate $90 million to $100 million in revenue, despite a 5% to 10% expected decline in Jet and Other. The medical segment is projected to achieve double-digit revenue growth in the second half of 2025, driven by new customer contracts and strategic partnerships. Blade also reported $127 million in cash and short-term investments at the end of 2024, positioning the company for strategic investments.First Full Year of Adjusted EBITDA Profitability
Blade Air Mobility achieved its first full year of adjusted EBITDA profitability with a $17.8 million year-over-year improvement and a 40% year-over-year increase in Q4 flight profit.
Strong Revenue Growth
Excluding Canada, revenue increased by 22.1% in Q4 2024 compared to the previous year, with the New York City airport transfer service seeing high teens year-over-year revenue expansion.
Medical Segment Success
The medical segment adjusted EBITDA improved by 119.6% year-over-year on 13.7% revenue growth, achieving margins above the 15% near-term target for the first time.
Strategic Partnerships and Technological Advancements
Announced a strategic partnership with Skyports Infrastructure and launched a new mobile app with enhanced user experience and functionality.
Cash Reserves and No Debt
Blade ended 2024 with $127 million in cash and short-term investments and no debt, providing flexibility for strategic investments.
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BLDE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BLDE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 13, 2025 | $2.83 | $3.03 | +7.07% |
| Nov 12, 2024 | $3.83 | $3.49 | -8.88% |
| Aug 07, 2024 | $2.77 | $3.25 | +17.33% |
| May 07, 2024 | $3.62 | $3.58 | -1.10% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Blade Air Mobility (BLDE) report earnings?
Blade Air Mobility (BLDE) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Blade Air Mobility (BLDE) earnings time?
Blade Air Mobility (BLDE) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BLDE EPS forecast?
BLDE EPS forecast for the fiscal quarter 2025 (Q1) is -0.12.
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