Bolt reports earnings miss, revenue below forecasts

Bolt, the European delivery and mobility platform, reported adjusted earnings per share that missed market expectations by $1.24, widening the gap from analyst projections. Revenue also fell short of forecasts, reflecting weaker-than-anticipated performance in its core markets.

The company did not disclose detailed financial figures in its preliminary results, though the earnings miss was confirmed by sources familiar with the matter. Analysts had anticipated adjusted EPS of $0.05, according to consensus estimates compiled prior to the announcement.

Bolt operates in a highly competitive sector, facing pressure from rivals in both delivery and ride-hailing services. The company has emphasized expansion in recent quarters, targeting growth in key European and Latin American markets. However, the revenue shortfall suggests challenges in monetizing its user base amid rising operational costs and pricing pressures.

A spokesperson for Bolt declined to comment on the preliminary results or provide further financial details. The company is expected to release its full earnings report, including a breakdown of revenue by segment, in the coming weeks.

The earnings miss follows a period of rapid growth for Bolt, which has expanded its footprint through acquisitions and organic market penetration. Investors will be closely monitoring the company's ability to stabilize margins and improve profitability as competitive dynamics intensify.