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Pony AI Nears Profitability Milestone in Robotaxi Sector, Shares Surge 16%
Pony AI Nears Profitability Milestone in Robotaxi Sector, Shares Surge 16%
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BTCCSquare news:
Pony AI (PONY), a leading Chinese robotaxi firm, is approaching a critical profitability threshold, with CFO LEO Haojun Wang projecting 'single-unit economics break-even' by late 2025 or early 2026. The company's stock rallied 15.8% following the announcement, fueled by fleet expansion, reduced insurance costs, and user base growth.
Quarterly revenue hit $21.46 million, a 76% year-over-year increase, while robotaxi service revenue skyrocketed over 300%. Despite an adjusted net loss of $1.14 per share, the firm's Middle East expansion through a partnership with Qatar's Mowasalat signals aggressive international scaling.
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