Planet Labs PBC Stock (NYSE: PL) News Today, Dec. 19, 2025: PL Surges as Earnings Momentum, Backlog Growth, and Defense Deals Drive Fresh Forecasts
Planet Labs stock jumped 11% Friday to $19.39 after reporting record Q3 revenue of $81.3 million, a backlog of $734 million, and raising its full-year outlook. The company posted its fourth straight quarter of adjusted EBITDA profit and highlighted major government and defense contracts. Investors responded to surging contract metrics and progress on next-generation satellites.