Sometimes a stock takes off because of one piece of good news. Sometimes it gets two. Shares of Joby Aviation Inc. (JOBY) climbed in Wednesday's extended session after the electric air taxi company delivered a double dose of positive developments: a quarterly earnings beat and a major new partnership.

Let's start with the numbers. Joby reported a quarterly loss of 14 cents per share. That might not sound like a win, but it's better than the 22-cent loss analysts were expecting. The real story, however, is on the top line. The company posted revenue of $30.84 million, which absolutely demolished the consensus estimate of $16.96 million. That's a beat of nearly 82%. It also represents a massive jump from the $55,000 in revenue it reported in the same quarter a year ago.

But the earnings report wasn't the only catalyst. Earlier on Wednesday, Joby announced it is teaming up with Uber Technologies Inc. (UBER) to launch air taxi services in Dubai. The partnership aims to begin commercial operations in 2026, which seems to be a pivotal year in the company's roadmap.

"2026 will mark a key inflection point for Joby," said CEO JoeBen Bevirt. He elaborated on the company's progress, noting a shift in focus. "After a year full of rigorous full-transition flight testing and meaningful progress across every part of our business, we've begun to shift our focus from how and when we'll go to market, to how many aircraft we can produce and where to deploy them."

In other words, the conversation is moving from "can we build it?" to "how fast can we build a lot of them?" That's a significant milestone for any company trying to bring a new technology to market.

The market liked what it heard. Following the announcements, Joby's stock was up 3.56% to $10.17 in after-hours trading.