Ryde Reports 31% Revenue Growth, Improved Adjusted EBITDA in H1 2025

Ryde Group Ltd reported a 31% revenue growth to $4.5 million in H1 2025, driven by expansion across supply and demand, stronger rider and driver engagement, and improved platform efficiency. Adjusted EBITDA improved by 14%, with a deficit of $2.3 million. The company achieved several milestones, including a zero-commission policy, partnership with Delivery Chinatown, and acquisition of a 40% stake in Atoll Discovery. Ryde's Founder and CEO, Terence Zou, attributed the success to disciplined execution and strategic initiatives.