Wheels Up Experience (US:UP)2021-11-15 18:01Q3 2021 Performance Highlights - Wheels Up's Q3 2021 revenue reached $301.978 million, a 55% increase year-over-year compared to $194.781 million in Q3 2020[10, 29] - Active members increased by 45% year-over-year, from 7,864 in Q3 2020 to 11,375 in Q3 2021[10, 24, 26] - Live flight legs grew by 52% year-over-year, from 12,951 in Q3 2020 to 19,714 in Q3 2021[10, 27] - Revenue per live flight leg increased by 2% year-over-year, from $10,832 in Q3 2021 to $11,076 in Q3 2020[28] - Adjusted EBITDA was $(23.928) million in Q3 2021, compared to $(8.025) million in Q3 2020[29] - Adjusted EBITDA margin was (7.9%) in Q3 2021, compared to (4.1%) in Q3 2020[29] Financial Position - As of September 30, 2021, cash and cash equivalents totaled $535.253 million[30] - Deferred revenue (including current portion) was $587.267 million[30] Full Year 2021 Guidance - The company projects revenue between $1.115 billion and $1.140 billion for the full year 2021[32] - Adjusted EBITDA is expected to be between $(80) million and $(90) million[32]