WeRide Inc., a leader in autonomous driving technology, has announced plans to expand its commercial robotaxi services to 15 additional cities worldwide. This expansion follows a strong first quarter in 2025, where the company's total fleet size grew to over 1,200 units and its revenue reached $10.0 million, up 22% year-over-year. WeRide's robotaxi revenue specifically grew to $2.2 million, contributing 22.3% of total revenue. Additionally, WeRide has authorized a $100 million share repurchase program, representing approximately 4.5% of its market cap, to be executed over the next 12 months. The company's stock was trading at $8s and saw a pre-market increase of 2.96%. In a separate development, Workday Inc. reported its first quarter earnings, surpassing analyst expectations with a revenue of $2.24 billion against estimates of $2.22 billion. The company's adjusted earnings per share were $2.23, compared to the expected $2.01, while its GAAP earnings per share were $0.25. Despite these results, Workday's stock fell 6% in after-hours trading, possibly due to the company's subscription revenue growth being the slowest on record at 13% year-over-year. Workday also provided guidance for the second quarter and full year 2026, with subscription revenue expected at $2.16 billion and $8.8 billion respectively, aligning with Wall Street estimates. The 12-month subscription backlog rose to $7.63 billion, up 15.6% year-over-year.
Workday's Subscription Revenue grew 13% YoY this quarter. That's their slowest pace on record. $WDAY: -6% AH https://t.co/UDcON50xOH
Workday Logs Higher Revenue, Backs Outlook; Initiates Buyback Program https://t.co/PiByDdtymK
Workday projected subscription revenue in the current quarter in line with Wall Street estimates, disappointing investors looking for the software company to get a boost from new artificial intelligence features for its products. https://t.co/GaYPf5u8RA