Ronit

Ronit, on behalf of Michael Turrin, questioned the specific drivers of bookings growth, differentiating between CLEAR1 and core CLEAR+, and asked about the bookings pipeline for 2026, as well as the impact and potential future tailwind from recent TSA events.

Answer

Caryn Seidman Becker, Chairman and CEO, Clear Secure, stated that Q4 performance was strong across the board, with CLEAR+ showing its highest year-on-year bookings growth since 2023 and CLEAR1 having its strongest bookings quarter. She noted a renewed appreciation for CLEAR's predictability during travel instability. Michael Z. Barkin, President and Director, Clear Secure, added that eGates allow ambassadors to focus more on hospitality, enhancing the Home-to-Gate experience and driving long-term growth.

Ronit, on behalf of Michael Turrin, asked for a breakdown of the drivers of bookings, differentiating between CLEAR1 and core CLEAR+, and inquired about the bookings pipeline for 2026. She also followed up on the impact of recent TSA events on the business and its potential as a future tailwind for CLEAR's value proposition.

Answer

Caryn Seidman Becker, Chairman and CEO of Clear Secure, stated that Q4 performance was strong across the board, with CLEAR+ achieving its highest year-on-year bookings growth since 2023 and CLEAR1 recording its strongest bookings quarter. She reiterated that TSA impacts lead to a renewed appreciation for CLEAR's predictability and consistency, enhanced by eGates. Michael Z. Barkin, President and Director of Clear Secure, added that eGates allow ambassadors to focus more on hospitality, improving the Home-to-Gate experience.