PONY-W (02026) surged 5.08% during intraday trading on Thursday, driven by robust Q3 2025 financial results and optimistic growth projections for its Robotaxi services.
The company reported a 72% year-over-year (YoY) revenue increase to $25.4 million, with Robotaxi services growing 89% YoY. Gross margin improved to 18.4%, up 9.1 and 2.2 percentage points YoY and quarter-over-quarter (QoQ), respectively, due to a favorable revenue mix and higher Robotaxi contributions.
Management expects the Robotaxi fleet to exceed 1,000 vehicles by year-end and reach over 3,000 by 2026, which is anticipated to reduce wait times, enhance user experience, and boost pricing and utilization rates. Bank of America Securities highlighted these developments as key drivers for the stock's upward movement.
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