Why Clear Secure Shares Are Surging Today

Why Clear Secure Shares Are Surging Today
Traders work on the floor of the New York Stock Exchange during afternoon trading in New York on April 1, 2022. Michael M. Santiago/Getty Images
|Updated:

Clear Secure, Inc. reported first-quarter FY22 revenue growth of 79.1 percent year-on-year to $90.5 million, beating the consensus of $88.3 million.

Clear Secure saw a continuation of the strong travel trends experienced in the fourth quarter, driving both membership growth and net retention, leading to better than expected Total Bookings growth.