Pony AI Reports Strong Q1 Growth in Robotaxi Services, Aims for Expansion Despite Wider Losses

Pony AI Earnings Put Investors on Alert for Robotaxi Expansion

Pony AI Inc.'s report on its first full quarter as a publicly traded company will have investors and analysts homing in on how a new generation of robotaxis could put the firm on a path to profitability. The stock of the Guangzhou, China-headquartered company is up more than 30% from the November listing price of $13 per share, although the maker of self-driving software has yet to make a profit. Last year, Pony AI reported revenue of $75 million and a net loss of $274 million. Analysts expect the company to achieve breakeven on each new robotaxi added by 2026 and turn profitable in 2029.

Uber Partner Pony AI Stock Surges as Q1 Revenue Rises

The Chinese firm had struck a deal earlier this month with Uber Technologies to put its robotaxis in the U.S. ride-hailing firm's platform. Shares of Pony AI (PONY) are jumping in premarket trading Tuesday after the Chinese autonomous vehicle maker posted a surge in first-quarter sales on the back of gains in its robotaxi service. The Chinese firm had struck a deal earlier this month with Uber Technologies (UBER) to put its robotaxis in the U.S. ride-hailing firm's platform. First-quarter revenue rose 11.6% year-over-year to $13.98 million, up from $12.52 million. Its loss per share narrowed to $0.12 from $0.23 in Q1 2024. Pony AI's net loss attributed to the company more than doubled to $42.99 million from $20.60 million a year ago. The company attributed the bigger loss partly to its mass production of its seventh-generation autonomous vehicles. "2025 is the year of scaling up for Pony.ai and we embraced it with strong growth momentum," Pony AI CEO James Peng said. "Our robust total revenues in the first quarter were fueled by a 200% year-over-year rise in Robotaxi services, with fare-charging revenues achieving approximately 800% growth rate." Pony AI, which was founded in 2016, went public on Nasdaq in November at $13 per share. Its shares are up 5% in premarket trading and have soared 18% so far this year entering Tuesday, closing Monday at $16.91 each.

Why Pony AI Trounced the Market on Tuesday With a Nearly 6% Gain | The Motley Fool

The U.S.-listed equity of Chinese autonomous-vehicle developer Pony AI (PONY 5.44%) accelerated well higher on Tuesday. Following the company's unveiling of its latest quarterly results, investors in this country sent its American depositary receipts (ADRs) almost 6% higher. That was miles ahead of the S&P 500 index's 0.4% decline. In its first quarter, Pony AI collected a bit under $14 million in revenue, up by nearly 12% from the slightly more than $12.5 million in the same period of 2024. Its adjusted net loss deepened to almost $34 million, against the $25.4 million deficit in the year-ago quarter. Thanks to a much higher ADR count, however, the net loss per ADR narrowed considerably, to $0.10 from $0.28. In this country, Pony AI is not a title closely followed by analysts, so consensus estimates were not available. The company's revenue improvement stemmed from a 3% improvement in robotruck services and licensing, the activity that comprises nearly 90% of its top line. A difference maker in the quarter was robotaxi services, which nearly tripled -- albeit from a low base -- to bring in over $1.7 million. The higher costs were due to the mass production of its current generation of self-driving vehicles. Pony AI has vaulting ambition for the future. It quoted CEO James Peng as saying that "As we accelerate production and drive cost efficiency through technological advancement, the unveiling of seventh-generation autonomous driving system enables us to reduce bill-of-materials costs by 70% compared to its predecessor, strongly bolstering our confidence to expand the fleet to 1,000 vehicles by year-end." Given the company's rapid expansion so far, and the Chinese government's zeal for next-generation transportation solutions, I think these goals are achievable. This is certainly an investment to watch.

Pony AI revenues climb in first full quarterly report since listing By Investing.com

Investing.com - Pony AI (NASDAQ:PONY) has reported an uptick in revenue in its first full quarterly report as a publicly traded company, as the autonomous driving group was boosted by rapid growth in its robotaxi services. The China-based firm's stock, which has risen since listing on the Nasdaq for $13 per share in November, surged by more than 8% in premarket U.S. trading on Tuesday. Group-wide revenues increased by 11.6% during the three months ended on March 31 to $13.98 million, underpinned by a sharp growth in fare-charging at its robotaxi unit. But the group posted a wider net loss of $37.4 million, compared with $20.8 million in the first quarter of 2024. The company has yet to make a profit. Pony AI is one of an expanding cadre of businesses in China and the U.S. racing to secure their position in the nascent autonomous driving market. According to Bloomberg News, the company has confidentially filed for a Hong Kong listing as part of a bid to raise more capital and expand its operations. Since it raised $260 million from its November debut, Toyota-backed Pony AI has already been exploring bringing its offerings to countries like South Korea and Luxembourg. Pony AI is looking to accelerate production and drive cost efficiencies through technological advancement and focusing on the seventh generation of its autonomous driving system, CEO James Peng said in a statement. Peng has previously flagged that pressures from U.S. President Donald Trump's aggressive tariff agenda could impact the firm's plan for international expansion, although he did not foresee a direct impact on its finances. Pony AI's robotaxi service licenses are currently in Beijing, Shanghai, Guangzhou and Shenzhen, with the company aiming to launch in Hong Kong. It came under scrutiny earlier this month after one of its cars caught fire while its was being handled by service staff following a system malfunction. No passengers were in the car.