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November 15 , 2021 Bird Announces Record Third Quarter 2021 Financial Results and Raises Full Year Financial Outlook Third Quarter Revenue Increased by 63 % YoY to $ 65.4 Million Adjusted EBITDA of $ ( 5 ) Million BIRD Increases in 2021 Revenue and Adjusted EBITDA Outlook Driven by Strong Year - to - Date Performance LOS ANGELES -- ( BUSINESS WIRE ) -- Bird Global , Inc. ( “ Bird ” or the " Company " ) ( NYSE : BRDS ) , a leader in environmentally friendly electric transportation , today announced financial results for the third quarter ended September 30 , 2021 . Travis VanderZanden , Founder and CEO of Bird , said , " Our third quarter results illustrate how we continue to capitalize on robust consumer demand and further our path to profitability driven by strong execution and compelling unit economics . We have scaled our operations to over 350 cities , including deepened expansion into long - tail markets enabled by the strength of our Fleet Manager program , and have continued to deliver innovative vehicle improvements across our fleets . We believe our results to date , combined with our progress across our strategic initiatives , position us well to deliver on our increased expectations for 2021 Revenue and Adjusted EBITDA . " Third Quarter Ended September 30 , 2021 Financial Results • Revenue was $ 65.4 million , representing a YoY increase of 63 % compared to $ 40.2 million in the same period in 2020 . • Gross Transaction Value was $ 79.5 million , representing a year - over - year ( " YoY " ) increase of 60 % compared to $ 49.6 million in the third quarter of 2020 . • Gross margin as a percentage of revenue was 21 % , representing an 18 percentage point increase over the prior year period . • Ride Profit ( before Vehicle Depreciation ) was $ 31.9 million , representing a YoY increase of 120 % compared to $ 14.5 million in the same period in 2020. Ride Profit Margin ( before Vehicle Depreciation ) as a percentage of sharing revenue was 50 % compared to 43 % for the prior year period . ( 1 ) • Net loss was $ ( 36.9 ) million compared to net loss of $ ( 43.8 ) million in the prior year period . • Adjusted EBITDA loss was $ ( 5.3 ) million compared to $ ( 28.0 ) million in the prior year period . ( 1 ) Year - to - Date Ended September 30 , 2021 Financial Results