Polestar Quarterly Revenue Lifted by Rise in Car Sales

Dow Jones11-12

By Robb M. Stewart

Polestar Automotive logged a jump in revenue in the latest quarter as the Swedish electric car brand expanded its dealer network and opened retail locations, though its loss widened with higher agency remuneration linked to the growth in sales volumes.

Third-quarter revenue rose 36% to $748 million from $550 million a year earlier, as the number of cars sold increased 13% to 14,192.

The Gothenburg-based auto maker, which has four models in its lineup and sells in 28 markets across North America, Europe and the Asia Pacific region, said its mix of sales included growing volumes of higher-priced models as well as a positive contribution from carbon credits sales.

Polestar's loss widened to $365.3 million for the three months ended Sept. 30 from $322.8 million last year. On an adjusted basis, the loss before interest, taxes, depreciation and amortization widened to $259.1 million from $176.3 million, the Nasdaq-listed company said.

Chief Executive Michael Lohscheller said the company continued to take steps to make the organization and operations more efficient as market conditions remain challenging.

In premarket trading, Polestar's shares were down 4.6%. They last closed at 80 cents, down 24% so far in 2025.

Polestar plans to launch a reverse stock split to change the ratio of its American depositary shares to its ordinary shares, which is currently one-to-one.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

November 12, 2025 07:46 ET (12:46 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Stewart \n\n\n \n\n\n  Polestar Automotive logged a jump in revenue in the latest quarter as the Swedish electric car brand expanded its dealer network and opened retail locations, though its loss widened with higher agency remuneration linked to the growth in sales volumes. \n\n\n  Third-quarter revenue rose 36% to $748 million from $550 million a year earlier, as the number of cars sold increased 13% to 14,192. \n\n\n  The Gothenburg-based auto maker, which has four models in its lineup and sells in 28 markets across North America, Europe and the Asia Pacific region, said its mix of sales included growing volumes of higher-priced models as well as a positive contribution from carbon credits sales. \n\n\n  Polestar's loss widened to $365.3 million for the three months ended Sept. 30 from $322.8 million last year. On an adjusted basis, the loss before interest, taxes, depreciation and amortization widened to $259.1 million from $176.3 million, the Nasdaq-listed company said. \n\n\n  Chief Executive Michael Lohscheller said the company continued to take steps to make the organization and operations more efficient as market conditions remain challenging. \n\n\n  In premarket trading, Polestar's shares were down 4.6%. They last closed at 80 cents, down 24% so far in 2025. \n\n\n  Polestar plans to launch a reverse stock split to change the ratio of its American depositary shares to its ordinary shares, which is currently one-to-one. \n\n\n \n\n\n  Write to Robb M. 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