Bird Results Presentation Deck
Financial Highlights - Q4'22
Revenue¹
Revenue growth driven by increased vehicle deployment and higher Sharing
revenues, including $28.8M of breakage revenue¹
Sharing gross margin (% of Sharing revenue)
Sharing gross margin improvement off of higher Sharing revenues and
increased operating efficiencies as we scale across larger fleet manager
partners
Adj. OpEx² (% of revenue)
Include expenses not expected to repeat next quarter, including consulting and
legal expenses related to our Bird Canada transaction
Adj. EBITDA²
Second consecutive quarter of positive Adjusted EBITDA with improvement
driven by higher revenues, and controlled operating expenses.
Q4 2022¹
$69.7M
43%
61%
$6.1M
Q4 2021
$49.5M
7%
120%
$(23.8) M
BIRD ₁.
Reflects $28.8 million of breakage revenue, which is revenue is recognized when the likelihood of the customer exercising its unredeemed preloaded wallet balances becomes remote, from prior periods during the quarter ended December 31, 2022
2. Adjusted Operating Expenses and Adjusted EBITDA are non-GAAP financial measures. See "Non-GAAP Financial Measures and Key Metrics" for additional information and see "Appendix" for reconciliations to the nearest comparable GAAP metrics.
Growth
+41%
+36 pp
-59 pp
+126%
01
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