Wheels Up Announces Record Revenue for First Quarter 2021
Strong year-over-year revenue growth of 68%
Investment in innovation, products, and technology drives significant momentum in ongoing strategic plan
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NEW YORK, May 20, 2021 /PRNewswire/ Wheels Up Partners Holdings LLC ( Wheels Up ) today announced financial results for the first quarter which ended March 31, 2021.
First Quarter 2021 Highlights
Active Members grew 56% year-over-year to 9,896
Adjusted EBITDA improved by $8.4 million year-over-year to ($8.7) million
Net loss improved by $12.3 million year-over-year to ($32.2) million We started this year strong, with record revenue driven by increased flying from our significant membership growth, and contributions from recent acquisitions. Our customers are flying longer distances and across all fleet categories. It is clear they continue to see the value in our trusted brand, reputation for exceptional ser
First Quarter Revenue of $74.1 Million, up 27.1% Year-over-Year
Launched myVEGAS Bingo in March, enabling the company to enter one of the fastest growing casual game categories
PLAYSTUDIOS, Inc. (“PLAYSTUDIOS” or the “Company”), an award-winning developer of free-to-play casual games for mobile and social platforms that offer real-world rewards to loyal players, today announced financial results for the first quarter ended March 31, 2021.
First Quarter 2021 Financial Highlights
Revenue was $74.1 million during the first quarter of 2021, representing an increase of 27.1% year-over-year, compared to $58.3 million during the first quarter of 2020.
Net income was $5.9 million during the first quarter of 2021, representing an increase of 7.8% year-over-year, compared to net income of $5.5 million during the first quarter of 2020.
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