$Ryde Group (RYDE.US)$ EBITDA improved by 20%, though revenu...

$Ryde Group (RYDE.US)$ EBITDA improved by 20%, though revenue dipped 15.4% to SGD 4.4 million in 1H 2024 (down from SGD 5.2 million in 1H 2023). This drop is due to a new revenue model focused on boosting driver-partner satisfaction and attracting more drivers, setting up the company for long-term growth despite the short-term hit to revenue.