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Blade Air Mobility Takes Off: Beats on Q1 Revenue, Medical Soars, Reaffirms 2024 Outlook

Blade Air Mobility reported Q1 FY24 revenue of $51.5M, beating consensus of $49.5M. Short Distance revenue down due to weather, adjusted EBITDA loss improved. EPS loss exceeded estimate. Medical segment's EBITDA rose, net loss decreased. 2024 outlook reiterated, 2025 expects double-digit revenue and EBITDA growth.

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