Planet Labs: Commercial still a headwind, defense/intelligence still strong; on track to reach positive-EBITDA target

by Peter B. de Selding

JAKARTA — Geospatial satellite imagery and services provider Planet Labs reported continued weakness in its commercial business that was more than offset by growth in its defense and Intelligence division and kept the company on track to reach positive adjusted EBITDA within nine months.

Planet said revenue for the three months ending April 30, Planet’s Q1 2025, was $60.4 million, up 14.6% over the same period a year ago. The figures included a $3.8 million drop in Commercial sales and an $11.5 million increase in overall customer . . .

To view the entire article, become a subscriber!

You may also like