Bird Rides Inc. is starting to rebound from the deep financial blows caused by the pandemic.

The Santa Monica-based micromobility company on Aug. 19 posted a massive 477% year-over-year gain in revenue for the second quarter, up to $60 million from just $10 million the year before.
 
Bird also managed to trim its losses by nearly 13%, down to $43.7 million from $50 million in the second quarter of 2020. The company said it beat internal expectations for earnings by 36%.

“We delivered record performances for both our second quarter and the first half of 2021, well surpassing expectations across the board,” Yibo Ling, the company’s chief financial officer, told analysts.
 
The pandemic delivered a deep cut to Bird’s earnings and ride numbers. Its full-year earnings for 2020 were $95 million, down 37% compared to $151 million in 2019.
 
The latest report represents a turnaround for Bird, which said its second-quarter earnings were up 43% compared to the pre-pandemic second quarter of 2019.
 
“We saw consumer demand begin to rebound as Covid restrictions eased and vaccination rates rose in several major markets,” Travis VanderZanden, Bird’s chief executive, said in the investors call.
 
The number of Bird rides shot up 550% in the second quarter, from 2 million in 2020 to 11 million in 2021, matching the 11 million rides in 2019’s second quarter.