It is faster or equal speed to run on foot than mounted or on a sled (demon or other). Makes the 140 speed from the Demon sled a little pointless when a person on foot can match or pass you. Tested on several mounts and both sleds from event.
Yes, that also means that the mounted slow down bug from previous years has also made its way into the PS4 version. When riding a mount, you suddenly lose speed (even slower than walking speed), this occurs randomly and even when traveling over acceleration arrows, dismounting and remounting will return the mount to walking speed. There appears to be no way to get the proper mount speed bonus.
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The one where the mount just suddenly slows to even slower than walking speed and will return to walking speed is a bug that existed in previous years.