Blackstone griddle maker, Blackstone Products, announced their financial results for Q1 2022 today. Unlike grill maker Weber, Blackstone keeps achieving growth. For the quarter, net revenue came in at $128 million, a 28% increase over Q1 last year. Similarly, EBITDA increased 37% to $19 million, marking another successful quarter for Blackstone.
Despite a volatile and challenging environment, Blackstone demonstrated strong performance in all of our key metrics during the first quarter. Blackstone’s growth this quarter is a clear indication that we are continuing to disrupt the industry as our griddles gain market share. Customers love the experience of cooking on a Blackstone, and we are excited about our upcoming product introductions. We are confident in our ability to drive sustainable long-term growth.Founder and Chief Executive Officer, Roger Dahle
With a focus on innovation and new products, Blackstone has recently released a tabletop pizza oven and a new 36″ griddle with air fryer combo. They also have some other ideas in the hopper with a possible pellet grill release.
Just like in Blackstone’s previous quarter, they reaffirmed their 2022 guidance once again. Blackstone is set to go public through a SPAC within the next month and a half under the NYSE ticker symbol BLKS.