You will see more of that. I talk a lot about product release cadence. I think, you know, becoming more AI native, the expectation is that we are releasing more products for both clear one and clear travel with higher velocity and better releases in terms of quality and customer launches. You know, we are investing in sales. We're investing in customer success.

May 6, 2026 / receipt

You will see more of that. I talk a lot about product release cadence. I think, you know, becoming more AI native, the expectation is that we are releasing more products for both clear one and clear travel with higher velocity and better releases in terms of quality and customer launches. You know, we are investing in sales. We're investing in customer success.

May 6, 2026 / receipt, needs a key / Karen Seidman-Becker, CEO | earnings call 2026-05-06 | transcript 6846d31c-3f02-48f0-8a4d-7f3e4677c7b1 | chars 21684-22047 | segment 22

Our strong performance and operating rigor position us positively as Secure Identity becomes increasingly complex and foundational. We are accelerating our product roadmap across Clear Travel and Clear One and are leaning into marketing to drive greater brand awareness for Clear as the leading Secure Identity company. We are doing this while delivering expected adjusted EBITDA margin expansion in 2026 relative to 2025 and simultaneously increasing our free cash flow guidance for the year.

May 6, 2026 / receipt, needs a key / Jen Hsu, CFO | earnings call 2026-05-06 | transcript 6846d31c-3f02-48f0-8a4d-7f3e4677c7b1 | chars 10276-10769 | segment 10

You guys called out the World Cup, you know, as a travel-heavy event this year. I was wondering if any of these kind of, you know, big events where a lot of people are booking travel have any impact on your marketing strategy or cadence. Are you kind of looking to reach people at the time of booking or maybe closer to the time of travel?

May 6, 2026 / receipt, needs a key / Brendan (analyst), other | earnings call 2026-05-06 | transcript 6846d31c-3f02-48f0-8a4d-7f3e4677c7b1 | chars 24833-25172 | segment 26

Travel continues to be strong. You've certainly heard that from the travel industry with a continued focus on premiumization. And so, quite frankly, I think the power of the public-private partnership and our ability to serve members, our ability to staff up, and our ability to serve our partners is more appreciated and more important today than ever before.

Feb 25, 2026 / receipt, needs a key / Karen Seidman-Becker, CEO | earnings call 2026-02-25 | transcript 8fd20104-02a8-48e4-9b00-530f35118319 | chars 20221-20581 | segment 20

Clear Concierge is a premium, personalized, on-demand service where a dedicated ambassador meets you curbside and guides you all the way to your gate. Now live at 23 airports, Clear Concierge is giving members a truly premium and effortless travel journey.

Nov 6, 2025 / receipt, needs a key / Karen Seidman-Becker, CEO | earnings call 2025-11-06 | transcript 5051a903-22f2-47f5-88c4-d10d3cd9b78a | chars 3910-4166 | segment 4

So this is outbound traffic today, so it would be the same experience that they're having today. So either travel within the U.S. or folks traveling from the U.S. back to their home countries or other countries.

Aug 5, 2025 / receipt, needs a key / Karen, CEO | earnings call 2025-08-05 | transcript d11f514f-db44-4538-9bb9-62482abd982f | chars 22707-22918 | segment 23

Bringing Clear Plus to international travelers is further growing our TAM and represents an additional opportunity to expand our member base over time.

Aug 5, 2025 / receipt, needs a key / Jen Hsu, CFO | earnings call 2025-08-05 | transcript d11f514f-db44-4538-9bb9-62482abd982f | chars 8184-8335 | segment 8

CLEAR is making experiences safer and easier for our members and our enterprise partners across travel, workforce, healthcare, and consumer applications.

Aug 5, 2025 / receipt, needs a key / Karen Seidman-Becker, CEO | earnings call 2025-08-05 | transcript d11f514f-db44-4538-9bb9-62482abd982f | chars 1960-2113 | segment 2

Additionally, it is time for highly vetted international travelers to have access to a better airport experience in the U.S. Starting this week, Clear Plus will be available to travelers from the U.K., Canada, Australia, and New Zealand. This will unlock an attractive new TAM and can increase our overall member base. We expect to add additional countries heading into 2026.

Aug 5, 2025 / receipt, needs a key / Karen Seidman-Becker, CEO | earnings call 2025-08-05 | transcript d11f514f-db44-4538-9bb9-62482abd982f | chars 3284-3659 | segment 3

At Clear, we're on a mission to help travelers win the day of travel, delivering a true frictionless home-to-gate experience.

Aug 5, 2025 / receipt, needs a key / Karen Seidman-Becker, CEO | earnings call 2025-08-05 | transcript d11f514f-db44-4538-9bb9-62482abd982f | chars 3842-3967 | segment 3

So first things first, which is we're going to continue to expand our network in the U.S., and we want to make that network available to international travelers.

May 8, 2025 / receipt, needs a key / Karen, CEO | earnings call 2025-05-08 | transcript 2625da8b-7e98-483b-b46d-e37b93814b08 | chars 22077-22238 | segment 22

I think it's important to realize that these partnerships are so important because it's actually estimated that travel spend represents over 20% of total spending on premium credit cards, which really highlights the alignment and value of our shared interests in this.

May 8, 2025 / receipt, needs a key / Michael, CFO | earnings call 2025-05-08 | transcript 2625da8b-7e98-483b-b46d-e37b93814b08 | chars 23923-24191 | segment 24