Pony AI Inc. reported its first full quarterly results as a public company, with first-quarter 2025 revenue reaching $14 million, up 11.6% year-over-year. The company also reported sales of $13.98 million, an increase from $12.52 million in the prior year. The Chinese autonomous vehicle firm saw its robotaxi fare-charging revenue surge by approximately 800% year-over-year, attributed to public deployment in major Chinese cities. Overall robotaxi revenues tripled compared to the previous year. Pony AI's net loss widened by 66.8% to $37.4 million in the first quarter. The company posted an adjusted EPS of ($0.10), an improvement from ($0.28) a year earlier. The introduction of Pony AI's Gen 7 robotaxi system has reduced costs by 70%. Following the earnings report, the company's ADRs jumped 15%. Pony AI is preparing for large-scale commercialization of its robotaxi services later in 2025.
A pivotal earnings report for $TGT slated for tomorrow morning. How will the company handle tariffs and the consumer under threat of a recession? @GuyAdami, @Bonawyn, and Dan Nathan debate https://t.co/YBiW6rTnwq
Markets have rebounded, but have recession risks really fallen after China and the U.S. reached a temporary tariff agreement? CNBC's @steveliesman takes investors' temperature and breaks down the data with @GuyAdami, Dan Nathan, @Bonawyn, and @KARInvest's Julie Biel
Key Earnings Reports Tomorrow Before the Open: Baidu $BIDU Dycom $DY Lowe's $LOW Medtronic $MDT Target $TGT TJX $TJX V.F. Corp $VFC Wix․com $WIX After the Close: Snowflake $SNOW For more details, start a trial at https://t.co/H4p1RcpfIn.