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NYSE:GETR

Getaround 5/9/2024 Earnings Report

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$0.01 0.00 (0.00%)
As of 11:14 AM Eastern

Getaround EPS Results

Actual EPS
-$0.32
Consensus EPS
-$0.20
Beat/Miss
Missed by -$0.12
One Year Ago EPS
N/A

Getaround Revenue Results

Actual Revenue
$17.16 million
Expected Revenue
$30.76 million
Beat/Miss
Missed by -$13.60 million
YoY Revenue Growth
N/A

Getaround Announcement Details

Quarter
Time
N/A
Conference Call Date
N/A
Conference Call Time
N/A

Conference Call Resources

Getaround Earnings Headlines

Getaround Board Member Ravi Narula Resigns
Getaround, Inc. Delays 10-K Filing Amid Wind-Down
A new rule goes live in July — and the banks are quietly cashing in
A major change is quietly going into effect this July — and Wall Street is already positioning for it. Big Banks have found a way to use a new asset as if it were cash. Not stocks. Not bonds. Not even the U.S. dollar. They now trust this asset more than the traditional financial system itself.
Getaround abruptly shuts down US car-sharing operations
Getaround, Inc. Winds Down U.S. Operations
Getaround announce wind-down of U.S. operations
See More Getaround Headlines
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About Getaround

Getaround (NYSE:GETR) (NYSE: GETR) operates a peer-to-peer carsharing platform that connects vehicle owners with drivers seeking flexible, short-term rentals. Through its mobile and web applications, Getaround enables registered users to reserve vehicles by the hour or day, offering an alternative to traditional car rental agencies and promoting more efficient use of underutilized assets. Vehicle owners benefit from additional income streams, while renters gain access to a diverse fleet of cars without the overhead of ownership.

Central to Getaround’s offering is its proprietary connected-car technology, known as the Getaround Connect device, which automates keyless entry and enforces each rental’s time-bound terms. The company provides insurance coverage for both owners and renters, as well as 24/7 roadside assistance, ensuring seamless experiences and peace of mind for all participants in the ecosystem. Its digital infrastructure also includes real-time GPS tracking, usage analytics, and a secure payments system.

Founded in San Francisco in 2009 by Sam Zaid and Jessica Scorpio, Getaround initially focused on U.S. markets before expanding into Europe with the high-profile acquisition of Drivy in 2019. Today, it serves major metropolitan areas across North America and Western Europe, including Paris, London, Berlin and Los Angeles, tailoring its service offerings to local regulatory environments and consumer demand. The company went public via a SPAC merger in mid-2021, positioning itself for further global growth and product innovation.

Under the continued guidance of its founders and executive leadership team, Getaround pursues strategic partnerships with automakers, parking operators and municipalities to integrate its carsharing solutions into urban transportation networks. By combining on-demand access with sustainable mobility principles, Getaround aims to reduce car ownership costs, lower urban congestion and contribute to more environmentally friendly travel options.

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