Shares of Clear Secure, Inc. (NYSE: YOU) surged 8.84% in pre-market trading on Thursday following the company's announcement of better-than-expected third-quarter results and raised full-year guidance.
The secure identity company reported Q3 revenue of $229.2 million, up 15.5% year-over-year and beating analyst estimates of $224.8 million. Earnings per share came in at $0.29, surpassing the consensus forecast of $0.26. The strong performance was driven by a 7.5% increase in Active CLEAR+ Members, which grew to 7.7 million.
Clear Secure's Q3 Adjusted EBITDA of $70.1 million significantly exceeded analyst expectations of $59.1 million, demonstrating robust operational efficiency. The company also raised its full-year 2025 Free Cash Flow guidance from at least $310 million to at least $320 million, signaling confidence in its future performance. Additionally, Clear Secure provided an optimistic outlook for Q4 2025, projecting revenue between $234-237 million and Total Bookings of $265-270 million, both representing strong year-over-year growth.
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