Planet Labs Exceeds Expectations – Military Business Drives Record Revenue!

The satellite operator Planet Labs reports record revenue and significantly exceeds expectations. The growth is driven by the booming business in defense and reconnaissance – yet a cautious outlook elicits mixed reactions. Record quarter above forecasts In the second quarter of fiscal year 2027, Planet Labs increases revenue by 58% to a record $116.1 million, clearly surpassing both its own forecast and the analyst expectation of around $104.5 million. Instead of the expected operating result (adjusted EBITDA) of $2.3 million by Wall Street,...