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Pony AI Stock Dips Despite Revenue Growth as Losses Widen
Pony AI Stock Dips Despite Revenue Growth as Losses Widen
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BTCCSquare news:
Pony AI shares fell nearly 4% after reporting Q2 earnings that failed to meet heightened investor expectations. While revenue surged 76% year-over-year to $21.5 million—driven by a tenfold increase in licensing income—the company's net loss expanded to $46 million from $30 million a year prior.
The robotaxi developer's operational update revealed progress toward its 1,000-vehicle production target, with over 200 units already manufactured through partnerships with Guangzhou Auto Group and Beijing Automotive. Market reaction suggests disappointment at the pace of commercialization despite top-line growth.
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