French drone manufacturer Parrot reported higher first-quarter revenue, driven by rising defence budgets in Europe and worldwide.
On Thursday, the company announced revenue of €18.4 million ($20.6 million) for the first quarter of 2025. This marks a 17% increase compared to the same period last year.
The growth was mainly due to strong sales from Parrot’s professional microdrones division, which makes up 57% of the company’s total revenue. Sales in this segment rose 13% year-on-year, supported by high demand from markets in North America, the UK, and Japan.
Parrot left the consumer drone market in 2021. Since then, it has focused on producing small drones and mapping software for corporate and government clients.
The company’s customers include major defence organizations such as the British Royal Air Force, the U.S. Army, the French Armed Forces, the Belgian Defence Force, Thailand’s Counter Terrorist Operations Center, and Japan’s Ground Self-Defence Force.
In March, Parrot said it plans to benefit from the rise in defence spending across its main markets. This follows similar strategies by other French defence technology firms like Exail, which makes underwater drones, and Exosens, a supplier of night-vision systems to NATO.
At the current exchange rate, $1 equals 0.8937 euros.
