Bird Global (BRDS) Reports Q2 Results

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Go back to Bird Global (BRDS) Reports Q2 Results

Bird Reports Second Quarter 2023 Financial Results with Improvements in Gross Margin and Operating Expense Spend

August 9, 2023 5:37 PM EDT

Net loss was $(9.3) million compared to $(320.3) million in the second quarter of 2022 Adjusted EBITDA for the second quarter improved by $27.7 million to $(1.2) million from $(28.9) million in the second quarter of 2022 Gross profit of $19.4 million compared to $(23.2) million in the prior year period Consolidated gross margin of 40% improved by 75 basis points year-over-year Year-over-year ride profit (before depreciation) margin improved by 10 points to 57% in the second quarter Total operating expenses in the second quarter decreased 89% and adjusted operating expenses decreased 50%

MIAMI--(BUSINESS WIRE)-- Bird... More