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Bird revenue up 117 per cent during 2021 reaching over $200 million

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Shared micromobility operator Bird saw a 117 per cent increase in revenue during 2021, the firm announced in its latest financial results.

The American operator said that revenue totalled $205.1 million last year, up from $94.6 million in 2020.

Ride profit before vehicle depreciation was $91.3 million, compared to $15.7 million in 2020, while Bird posted a net loss of $196.3 million which was down from the year prior.

The company began trading on the New York Stock Exchange in November following a merger with special-purpose acquisitions firm Switchback and is now offering its services in more than 400 cities around the world.

Bird also started to roll out its next-generation e-scooter, Bird Three, in 2021 and unveiled its sidewalk detection technology that aims to prevent pavement and riding.

“We are very pleased with our strong finish to fiscal 2021,” said Bird Founder and CEO Travis VanderZanden.

“We exceeded our increased expectations for the year by capitalizing on the momentum driven by easing pandemic-related restrictions and continued adoption of micromobility by people and cities across the globe. During the fourth quarter, rides increased over 100 per cent year-over-year despite macro-related headwinds including the surge in Omicron cases late in the period.”

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