Earned 230 million from tracking flights – E24

Earned 230 million from tracking flights – E24

Flightradar24 continues to set records.

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He wrote the Swedish company's annual report for 2023 shows further growth break it.

Flightradar24 operates with different financial years, and closed accounts for 2023 at the end of August.

Turnover reached 352 million Swedish krona, up from 276 million the previous year, according to Breakit.

The company's results ended at 230 million Swedish krona, up from 200 million.

It started as a hobby

Income comes mainly from selling subscriptions and digital advertising.

In addition, they sell services to many of the largest companies in aviation, as revealed in the annual report.

The company expects a similar development for the new financial year.

Flightradar24 is a service that allows tracking of almost all air traffic around the world. The service is one of the largest of its kind in the world.

According to the company's website, it has deployed 40,000 receivers for signals from aircraft around the world.

Swedish founders Mikael Robertsson and Olof Lindberg initially started the service as a hobby, according to Breakit.

Millions followed Queen Elizabeth

Private jets of famous people are often the most followed flights in service. When then-US House Speaker Nancy Pelosi traveled to Taiwan in August 2022, more than 2.2 million people came on the trip, according to the company's website.

But the record was not to last long. When Queen Elizabeth's coffin was transported from Edinburgh to London, more than 5 million people accompanied the journey, according to Reuters. During the historic flight, there was sometimes so heavy traffic that it disrupted the service, so the company set up a live stream on YouTube where users could follow along.

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Hanisi Anenih

Hanisi Anenih

"Web specialist. Lifelong zombie maven. Coffee ninja. Hipster-friendly analyst."

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