Mobileye releases 2024 financial report, with full-year revenue of US$1.65 billion

For the full year 2024, Mobileye's revenue was $1.65 billion, down 20% from 2023, and its net loss reached $3 billion (about RMB 21.7 billion). This loss mainly came from the $2.6 billion write-off in the third quarter, which reflects the gap between Mobileye's valuation when it was acquired by Intel and its current market value. Mobileye's stock price has plummeted 40% over the past year, and its current market value is $12 billion. According to the financial report, Mobileye's revenue in the fourth quarter fell 23% to $490 million, with an operating loss of $86 million and a net loss of 9 cents per share.