<span item_type="fundamental" item_id="33682245e138219c34a1464fb9228f22" counter_id="ST/US/WSUPW" env="prod"></span><span item_type="announcement" item_id="579397306309613185" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 185.49 M.</p><p>EPS: As of FY2025 Q3, the actual value is USD -0.12.</p><p>EBIT: As of FY2025 Q3, the actual value is USD -38.46 M.</p><p></p><h3>Segment Revenue</h3><ul><li>Revenue for the third quarter of 2025 was $185.5 million, down 4% year over year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/ex-991x9302025earningsrele.htm"></span></li><li>Total revenue for Q3 2025 was $266 million, a decline of 4% year-over-year due to reduced flight revenue from discontinued Connect and Pay-As-You-Fly members, despite an increase in revenue from corporate and individual core members.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/wheelsup_q32025sharehold.htm"></span></li></ul><h3>Gross Bookings</h3><ul><li>Total Gross Bookings for the third quarter of 2025 were $266.6 million, up 5% year over year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/ex-991x9302025earningsrele.htm"></span></li><li>Private Jet Gross Bookings for the third quarter of 2025 were $209.7 million, up 3% year over year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/ex-991x9302025earningsrele.htm"></span></li></ul><h3>Gross Profit</h3><ul><li>Gross loss for the third quarter of 2025 was $1.3 million, compared to a gross profit of $14.6 million in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/ex-991x9302025earningsrele.htm"></span></li></ul><h3>Adjusted Contribution</h3><ul><li>Adjusted Contribution for the third quarter of 2025 was $23.5 million, down from $28.8 million in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/ex-991x9302025earningsrele.htm"></span></li><li>Adjusted Contribution Margin for the third quarter of 2025 was 12.7%, compared to 14.8% in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/ex-991x9302025earningsrele.htm"></span></li></ul><h3>Net Loss</h3><ul><li>Net loss for the third quarter of 2025 was $83.7 million, or - $0.12 per share, compared to a net loss of $57.7 million, or - $0.08 per share, in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/ex-991x9302025earningsrele.htm"></span></li><li>Net loss for Q3 2025 was $84 million.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/wheelsup_q32025sharehold.htm"></span></li></ul><h3>Adjusted EBITDA</h3><ul><li>Adjusted EBITDA loss for the third quarter of 2025 was $23.2 million, compared to an Adjusted EBITDA loss of $20.0 million in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/ex-991x9302025earningsrele.htm"></span></li></ul><h3>Adjusted EBITDAR</h3><ul><li>Adjusted EBITDAR loss for the third quarter of 2025 was $19.7 million, compared to an Adjusted EBITDAR loss of $11.6 million in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/ex-991x9302025earningsrele.htm"></span></li><li>Adjusted EBITDAR losses reduced by approximately 25% year-to-date.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/wheelsup_q32025sharehold.htm"></span></li></ul><h3>Liquidity</h3><ul><li>Quarter-end liquidity was $225 million, including $125 million of cash and cash equivalents and an undrawn $100 million revolving credit facility.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/ex-991x9302025earningsrele.htm"></span></li><li>As of the end of Q3 2025, Wheels Up had $225 million in liquidity, including cash and cash equivalents and a $100 million undrawn Delta revolver.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/wheelsup_q32025sharehold.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>Completion Rate for the third quarter of 2025 was 99%, up 1 point year over year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/ex-991x9302025earningsrele.htm"></span></li><li>On-Time Performance (D-60) for the third quarter of 2025 was 89%, up 4 points year over year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/ex-991x9302025earningsrele.htm"></span></li><li>Adjusted Contribution Margins expanded to mid-to-high teens over the last year, improving from essentially breakeven at the start of the transformation.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/wheelsup_q32025sharehold.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>Net cash used in operating activities for the nine months ended September 30, 2025, was - $147.9 million, compared to - $115.8 million in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/ex-991x9302025earningsrele.htm"></span></li><li>Net cash provided by investing activities for the nine months ended September 30, 2025, was $43.4 million, compared to $26.1 million in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/ex-991x9302025earningsrele.htm"></span></li><li>Net cash provided by financing activities for the nine months ended September 30, 2025, was $11.4 million, compared to net cash used in financing activities of - $53.0 million in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/ex-991x9302025earningsrele.htm"></span></li><li>Approximately $50 million of common stock was issued through an at-the-market offering program, with net proceeds used for fleet modernization and general corporate purposes.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/wheelsup_q32025sharehold.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>Signature memberships represented nearly 20% of total Membership Fund sales for September and October, with two-thirds from existing customers converting to this new membership type.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/wheelsup_q32025sharehold.htm"></span></li><li>Premium Phenom and Challenger jets comprised approximately 30% of the controlled jet fleet at quarter end, expected to approach 50% by year-end 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/wheelsup_q32025sharehold.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>Wheels Up expects its fourth quarter financial results to be the best since starting its transformation two years ago, setting the stage for accelerating improvement as it closes the year and heads into 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/ex-991x9302025earningsrele.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/wheelsup_q32025sharehold.htm"></span></li><li>The company anticipates achieving Adjusted EBITDAR positive results for 2026, creating a solid foundation for long-term financial health and lasting, profitable growth.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/ex-991x9302025earningsrele.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/wheelsup_q32025sharehold.htm"></span></li><li>The fleet transition is expected to be largely complete by year-end 2026, with at least 80% of the fleet consisting of Phenom and Challenger aircraft.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1819516/000162828025049229/wheelsup_q32025sharehold.htm"></span></li></ul>

WHEELS UP EXPERIENCE INC | 8-K: FY2025 Q3 Revenue: USD 185.49 M