Pony AI swings to profit, plans robotaxi expansion to 20 cities with Uber partnership

Pony AI Swings to Profit, Aims to Launch Robotaxis in 20 Cities

Pony AI Inc. delivered its first profitable quarter ever, bolstered by a windfall from an early investment, rather than its main robotaxi business. Net income reached $75.5 million in the three months ended December, helping the full-year loss narrow by 72% to $76.8 million, according to a company statement on Thursday. Revenue climbed 20% for the year to $90 million. "We are making front-loaded investment to drive our commercialization at a quicker pace," said Chief Financial Officer Leo Wang, according to the statement. Though the investment gainBloomberg Terminal wasn't specified, a Pony AI unit is an early investor in Chinese chip designer Moore Threads, whose shares surged as much as 425% when it went public in December. The global robotaxi race is heating up, with players in China and the US leading deployment. Alphabet Inc.'s Waymo has expanded to 10 cities in America, while Chinese companies such as Pony AI, Weride Inc. and Baidu Inc.'s Apollo Go are working with partners such as Uber Technologies Co. and Lyft Inc. in markets such as the Middle East and the UK. Pony AI has set a goal of deploying robotaxis with partners in more than 20 cities worldwide this year. The company said late last year it plans to grow its global fleet to 3,000 in the same time. Uber and Pony AI, as well as local startup Verne, are planning to launch robotaxis soon in the Croatian capital of Zagreb, making it likely to be the first European city to have a fare-charging self-driving cab service. Pony AI is also conducting trials in Luxembourg, while Uber and Baidu are testing in London. After achieving break even on a per vehicle basis in Guangzhou and Shenzhen after the launch of its seventh-generation robotaxi model, the technology firm plans to replicate the business model globally and to more cities in China. "The foundation we have established in China will enable us to replicate this model in overseas market and build dual growth engines to support our next phase of accelerated growth," said Chief Executive Officer James Peng.

Why Is Pony AI Stock Gaining Thursday? - Pony AI (NASDAQ:PONY)

Pony AI Maps Out Aggressive 2026 Expansion As Robotaxi Revenue Soars Pony AI Inc. (NASDAQ:PONY) shares are up during Thursday's premarket session. Europe's First Robotaxi Service Pony AI, Uber, and Verne have partnered to launch Europe's first commercial robotaxi service, starting in Zagreb, Croatia, with on-road testing already underway. The companies will combine Pony AI's autonomous driving system, Uber's ride-hailing platform, and Verne's fleet operations to scale the service. Verne will own and operate the fleet, while Uber will integrate robotaxis into its network. Testing is being conducted using Pony AI's Gen-7 system on Arcfox Alpha T5 vehicles, with preparations for fare-based rides in progress. The partners aim to expand into additional European cities and grow the fleet to thousands of vehicles over time. Uber also plans to invest in Verne to support future expansion. Scales Robotaxi Ambitions for 2026 Pony AI said it expects to deploy more than 3,000 robotaxis across over 20 cities globally in 2026, with nearly half in overseas markets, as commercialization accelerates. The company reported strong fourth-quarter momentum, with robotaxi revenue rising 160% year over year and fare-charging revenue surging more than 500%, driven by fleet expansion and increased user adoption. Pony AI said it has achieved unit economics breakeven in multiple tier-one Chinese cities, including Guangzhou and Shenzhen, where demand continues to grow rapidly. The company's fleet expanded to 1,446 vehicles from fewer than 300 a year ago, while total users in China approached one million. Pony AI reported a fourth-quarter adjusted loss of 12 cents per share, wider than analysts' estimates of 22 cents. That compares with a loss of 23 cents per share a year earlier. Revenue totaled $29.1 million, topping expectations of $23.9 million, but declined about 18% from $35.5 million in the prior-year period. PONY 9.8% Below 20-Day SMA The stock is currently trading 9.8% below its 20-day simple moving average (SMA) and 17.8% below its 100-day SMA, indicating bearish momentum. Shares have increased 3.26% over the past 12 months and are positioned closer to their 52-week lows than highs. The RSI is at 38.28, which is considered neutral territory, while the MACD shows a value of -0.8150, below its signal line at -0.7680, indicating bearish pressure on the stock. The combination of neutral RSI and bearish MACD suggests mixed momentum. Key Resistance: $12.50 Key Support: $10.50 Pony AI Earnings May 19, 2026; EPS -$0.11 Pony AI is slated to provide its next financial update on May 19, 2026 (estimated). EPS Estimate: Loss of 11 cents (Down from Loss of 10 cents) Revenue Estimate: $20.88 million (Up from $13.98 million) Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $22.36. Recent analyst moves include: Barclays: Initiated with Equal-Weight (Target $15.00) (Dec. 17, 2025) Macquarie: Initiated with Outperform (Target $29.00) (Dec. 15, 2025) Citigroup: Buy (Lowers Target to $24.50) (Nov. 7, 2025) PONY ETF Weights: CABZ 4.36%, HAIL 2.34% SPDR S&P Kensho Smart Mobility ETF (NYSE:HAIL): 2.34% Weight Roundhill Robotaxi, Autonomous Vehicles & Technology ETF (NASDAQ:CABZ): 4.36% Weight Significance: Because PONY carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock. PONY Price Action: Pony AI shares were up 2.28% at $11.65 during premarket trading on Thursday, according to Benzinga Pro data. Photo via Shutterstock Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.

Pony AI rises nearly 3% on earnings beat, robotaxi revenue surge, UBER Partnership By Investing.com

Investing.com - On Thursday, Pony AI Inc. (NASDAQ:PONY) reported fourth quarter results that exceeded analyst expectations, with adjusted earnings per share of $0.12 and revenue of $29.1 million. The company also announced a strategic partnership to launch the first commercial robotaxi service in Europe, starting soon in Zagreb. The company's shares rose 2.81% in pre-market trading following the announcement, driven by the earnings beat, strong robotaxi revenue growth, and the announced partnership with Uber Technologies (NYSE: UBER). The company's robotaxi services revenue surged 160% YoY to $6.7 million in the fourth quarter, with fare-charging revenues jumping over 500% YoY. Total revenue declined 18% YoY from $35.5 million in the prior-year quarter, primarily due to timing of project-based revenue recognition in licensing and applications, which fell 53% to $9.4 million. Robotruck services revenue increased 1.2% to $13.1 million. "2025 marked an amazing year for Pony.ai," said Dr. James Peng, Chairman and CEO. "We realized scaling-up in top-line, Robotaxi fleet size, operational footprint and user base, while validating our business model by achieving unit economics breakeven in multiple tier-one cities in China." The company achieved consecutive unit economics breakeven in Guangzhou and Shenzhen within four months of launching its Gen-7 robotaxi. On March 22, 2026, daily net revenue per Gen-7 vehicle reached an all-time high of RMB394 with 25 orders per vehicle in Shenzhen. Pony AI's fleet surpassed 1,400 units as of March 25, 2026, with plans to exceed 3,000 vehicles by year-end 2026. The company has expanded operations to Croatia, Hangzhou, and Changsha, and is targeting deployment in more than 20 cities globally by year-end. Adjusted net loss widened to $49 million from $41.3 million in the prior-year quarter, reflecting front-loaded investments to accelerate commercialization. Cash and equivalents totaled $1.5 billion as of December 31, 2025.