However, ComfortDelGro’s competitors have gone the other way in terms of commission rates. Gojek has cut commissions to 10% to at least the end of 2024, while Ryde will be doing away with commissions until the end of next year.
For its 3QFY2023 ended Sept 30, ComfortDelGro’s taxi and private hire segment posted a y-o-y revenue improvement of $6.8 million or 4.8% to $147.6 million as platform fees were introduced for Singapore taxis from July 1.
Shares in ComfortDelGro closed unchanged at $1.38 on Dec 27.
