Pony AI’s shares fell 4.8% to HK$59.15 on Wednesday, extending losses into a third consecutive session as investors focused on the company’s widening cash burn despite strong revenue growth.
Robotaxi operator reported quarterly revenue of $36.2 million, up 68.8% year-over-year, driven by record increases in robotaxi fare revenue. However, its non-GAAP net loss per share narrowed to $0.10, coming in below analyst expectations. For the first half of 2026, Pony AI’s net loss deepened by nearly 15% year-over-year to $110 million, underscoring persistent operating costs.
The company expects to expand its fleet to more than 3,500 robotaxi vehicles by the end of the year, with an accelerated international push including a contracted deployment of over 2,000 robotaxis in Europe through a partnership with Uber. CEO James Peng has previously highlighted regulatory hurdles for robotaxis, according to Bloomberg.
股价下跌跟随着香港和中国科技股的更广泛的拋售，投資者在收到財報後采取謹慎的立場，因為對營業收入增長背後持續的資金消耗感到擔憂。
