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Investing.com -- Dubai Taxi Corporation reported 13.6 million taxi and limousine trips in the second quarter of 2025, representing a 19.3% increase year-over-year.
The trip volume exceeded market expectations by 13.1%, driving a revenue beat of 13% compared to market estimates and 7.2% above consensus forecasts.
The company achieved an EBITDA margin of 28.9%, which was 3.5% higher than estimates and 3.7% above consensus expectations. This strong margin performance appears to be the result of increased trip volume and reduced expenses related to Bolt operations.
As a result, Dubai Taxi’s EBITDA exceeded market estimates by 28.5% and consensus forecasts by 23.1%.
The company’s Board of Directors approved dividends of AED160.7 million for the first half of 2025, which aligns with both market estimates and the company’s guidance of an 85% payout ratio.
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