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Ryde Group's revenue rose 31% in H1 2025, driven by stronger demand and efficiency, while cutting costs and expanding green tech and delivery partnerships.
Ryde Group Ltd, a Singapore-based mobility and quick commerce platform, reported a 31% year-on-year revenue rise to S$5.7 million ($4.5 million) in the first half of 2025, driven by stronger supply and demand, improved engagement, and better platform efficiency.
Adjusted EBITDA narrowed to S$2.9 million ($2.3 million), reflecting cost optimizations through revised driver incentives and rider expenses.
The company maintained its zero-commission policy for drivers, partnered with Delivery Chinatown for last-mile delivery, launched an education award for drivers’ children, acquired a 40% stake in EV rental firm Atoll Discovery, and teamed with Tencent Cloud to enhance in-app communication and explore WeChat Mini Program integration across Southeast Asia.
Ryde, listed on the NYSE American, emphasized sustainable growth, green mobility, and technology innovation under CEO Terence Zou.
Los ingresos de Ryde Group aumentaron un 31% en el primer semestre de 2025, impulsados por una mayor demanda y eficiencia, al tiempo que redujeron los costos y expandieron las asociaciones de tecnología verde y entrega.