Joby Beats Q4 Loss Estimates with $30.8M Revenue, Partners with Uber
Joby reported a Q4 loss of $0.14 per share versus the $0.22 estimate, with revenue of $30.8 million up from $0.055 million a year earlier. It unveiled a Dubai partnership with Uber and its stock jumped 3.6% in extended trading.
1. Fourth Quarter Financial Results
Joby posted a loss of $0.14 per share in Q4, outperforming the consensus loss estimate of $0.22 per share. Revenue surged to $30.84 million, marking an 81.8% beat over the $16.96 million consensus and a jump from $0.055 million in the year-ago quarter.
2. Strategic Partnership Announcement
The company announced a new collaboration with Uber in Dubai to integrate its electric vertical takeoff and landing aircraft into ride-hailing services. This deal aims to establish an early market for urban air mobility in the Middle East starting later this year.
3. Stock Reaction and Outlook
Shares climbed 3.6% in extended trading following the stronger-than-expected results and partnership news. Management highlighted 2026 as a key inflection point for scaling production and deploying aircraft across target markets.