Via Transportation's Q3: Losses Narrow, Revenue Soars

Via Transportations third quarter financials reveal a mixed picture: while the company still operates at a loss, with a net loss of $36.9 million and a loss of $1.49 per share, adjusted earnings and revenue surpassed analyst expectations. The company brought in $109.7 million, exceeding the predicted $106.4 million, and the adjusted loss of $0.39 per share was better than the anticipated $0.41. This performance, coupled with the companys focus on municipal transit agencies, suggests a promising future for Via Transportation.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.