Satellite imagery venture Planet reports record quarterly revenue to cap strong year

Satellite imagery venture Planet reports record quarterly revenue to cap strong year


The New York Stock Exchange welcomes Planet (NYSE: PL), on Wed. Dec. 8th, in celebration of its listing. To honor the occasion, Will Marshall, Co-Founder & CEO, and Robert Schingler Jr., Co-Founder & Chief Strategy Officer, joined by Stacey Cunningham, NYSE President, ring The Opening Bell®.

NYSE

Planet on Wednesday delivered another record quarter of revenue, nearing the top end of its full-year revenue forecast.

“The fourth quarter capped off an incredible year for Planet. For the full year, we nearly tripled our revenue growth rate,” Planet cofounder and CEO Will Marshall said in a press release.

related investing news

As Buffett's Berkshire buys more Occidental, one firm says you should follow suit

CNBC Pro

The satellite imagery and data analysis company reported an adjusted EBITDA loss of $17.7 million for the fourth quarter, up slightly from a $16.7 million loss in the same period a year ago. Planet brought in $53 million in revenue during Q4, a 43% increase from $37.1 million a year prior.

For the full year, Planet’s revenue came in at $191.3 million – at the top end of its previously projected range of $188 million to $192 million.

Planet follows a fiscal year calendar that ends on Jan. 31.

Sign up here to receive weekly editions of CNBC’s Investing in Space newsletter.

Planet CFO Ashley Johnson noted that the company finished the quarter with $408.8 million in cash.

The company is also making its sixth acquisition to date, signing a deal to acquire Slovenian satellite data analysis platform Sinergise. Financial terms were not disclosed.

Planet said acquiring Sinergise, a long-standing partner, is expected to further its access to European markets.



Source

Delta’s summer travel outlook tops estimates as CEO says high-end demand is holding up
Business

Delta’s summer travel outlook tops estimates as CEO says high-end demand is holding up

A Boeing 767-332(ER) from Delta Air Lines takes off from Barcelona El Prat Airport in Barcelona on Oct. 8, 2024. Joan Valls | Nurphoto | Getty Images Delta Air Lines trimmed its 2025 profit forecast as it deals with lower-than-expected demand this year and the industry manages a glut of flights, but the carrier’s outlook […]

Read More
Cereal maker WK Kellogg shares jump 50% on report of possible  billion deal with Ferrero
Business

Cereal maker WK Kellogg shares jump 50% on report of possible $3 billion deal with Ferrero

Boxes of various Kellogg’s cereals are displayed on shelves at a Walmart Supercenter on May 6, 2025 in Austin, Texas. Brandon Bell | Getty Images Shares of WK Kellogg soared more than 50% on Wednesday following a report that chocolate maker Ferrero is close to a roughly $3 billion deal to buy the cereal company. […]

Read More
Eli Manning says he’s no longer interested in buying a piece of the NFL’s Giants: ‘It’s too expensive for me’
Business

Eli Manning says he’s no longer interested in buying a piece of the NFL’s Giants: ‘It’s too expensive for me’

Former New York Giants quarterback Eli Manning is no longer interested in buying a minority stake in his old team, telling CNBC Sport Wednesday that he’s been priced out. “Basically, it’s too expensive for me,” Manning told CNBC Sport in an interview. “A 1% stake valued at $10 billion turns into a very big number.” […]

Read More