Ryde Group Reports 31% Revenue Growth to S$5.7 Million for First Half of 2025

Reuters10-24

<a href="https://laohu8.com/S/RYDE">Ryde Group</a> Reports 31% Revenue Growth to S$5.7 Million for First Half of 2025

Ryde Group Ltd. reported revenue of S$5.7 million (US$4.5 million) for the six months ended June 30, 2025, an increase from S$4.4 million (US$3.2 million) in the same period of 2024. The company's adjusted EBITDA deficit narrowed to S$2.9 million (US$2.3 million) in the first half of 2025, representing a 14% improvement compared to the previous year. Ryde stated that the revenue growth was driven by increased rider and driver engagement and improved platform efficiency. During the period, Ryde maintained a zero-commission policy for driver-partners and adjusted platform fees. In June 2025, Ryde acquired a 40% stake in Atoll Discovery and announced a partnership with Tencent Cloud.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ryde Group Ltd. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1091496) on October 24, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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