Via Transportation, Inc. (VIA) shares soared 5.88% over a 24-hour period, with significant movement occurring in the post-market session on Tuesday.
The surge follows the company's release of its first-quarter 2026 financial results, which exceeded analyst expectations. Via Transportation reported an adjusted loss per share of $0.05, beating the consensus estimate of a $0.06 loss. Revenue for the quarter rose 29% year-over-year to $127.434 million, also surpassing analyst forecasts.
Management raised its full-year 2026 platform revenue guidance to a range of $547 million to $550 million, up from previous expectations. The company also reiterated its goal of achieving positive adjusted EBITDA in the fourth quarter of 2026 and highlighted a record pipeline of $650 million along with several new network deals.