Clear Secure, Inc. (YOU) shares surged 9.44% in pre-market trading on Wednesday, after the company reported second-quarter earnings that handily beat Wall Street estimates and benefited from strong membership expansion.
The secure identity platform posted earnings per share of $0.49, surpassing the consensus estimate of $0.39. Revenue climbed 26.6% year-over-year to $277.8 million, ahead of the $269.4 million forecast. Net income nearly doubled to $72.3 million, while adjusted EBITDA of $101.1 million also exceeded expectations. Driving the results, total CLEAR members grew 30% to 43.5 million, and active CLEAR+ members increased 15.2% to 8.3 million.
The company issued third-quarter revenue guidance of $284 million to $287 million, well above the analyst consensus of $274.7 million. Additionally, Clear Secure raised its full-year 2026 free cash flow outlook to at least $480 million, representing at least 39.9% year-over-year growth, further boosting investor confidence.
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