Pony AI Inc.
(NASDAQ:PONY) reported first-quarter results Tuesday, posting triple-digit revenue growth driven by its robotaxi business, while losses widened as the company accelerated global expansion and commercialization efforts.
Revenue Growth Fueled By Robotaxi Expansion The autonomous-driving company reported first-quarter revenue of $34.25 million, up 145% year over year, boosted by growth in robotaxi services and intelligent solutions revenue.
Analysts had expected quarterly revenue of $51.09 million.
Robotaxi services revenue surged 395.4% to $8.6 million during the quarter, while fare-charging revenue jumped more than 456.5%, primarily due to the launch of the company's Gen-7 fleet.
