Pony AI says its robotaxi revenue quintupled. The stock is rising.
By Steve Goldstein
A Pony.ai AION robot taxi is displayed during the 21st Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center in Shanghai on April 23, 2025. Pony AI reported surging robotaxi revenue but widening losses.
Pony AI on Tuesday reported a quintupling of robotaxi revenue and increased sales targets as the Chinese vehicle company also saw widening losses.
Pony said its first-quarter revenue rose 145% to $34.3 million, while its net loss widened to $53.5 million from $37.4 million. On an adjusted basis, it lost 9 cents per American depository receipt. Analysts polled by FactSet expected a loss of 12 cents on sales of $22 million.
Pony said it's raising its Robotaxi revenue growth view to more than 3.5 times 2025 levels, from 3 times, and Robotaxi fleet-size target to over 3,500 units from 3,000.
Pony ADRs (PONY) (HK:2026) rose 9% in premarket trade.
Pony said it was growing not only in China but also has started operations in Europe with a launch in Croatia, partnering with Uber (UBER) and local player Verne. Pony also is operational in Qatar, Singapore and South Korea.
-Steve Goldstein
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
05-26-26 0611ET
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Dividend Stocks
12 Best Blue-Chip Stocks to Buy for the Long Term
United States