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(Reuters) -Grab Holdings raised its full-year profit forecast on Wednesday after reporting a higher-than-expected quarterly revenue, driven by recent cost-reduction measures and robust demand for ...
The firm also raised its annual core profit forecast to between $308 million and $313 million, from $250 million and $270 million. Revenue in the deliveries segment increased 16% to $380 million ...
By Yuvraj Malik (Reuters) -Grab Holdings forecast a smaller operating loss for the current year and pulled forward its profitability timeline on Wednesday, as cost savings from its recent ...
Grab Holdings Inc. is a Singaporean multinational technology company headquartered in One-North, Singapore. It is the developer of a super-app for ride-hailing , food delivery , and digital payment services on mobile devices that operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand, and Vietnam.
1. Information to be edited: Grab Holdings Inc., commonly known as Grab, is a Singaporean multinational company headquartered in Queenstown, Singapore. Requested edit: Grab Holdings Inc., commonly known as Grab, is a Southeast Asia technology company headquartered in Singapore.
Image source: Getty Images. Grab comes up short. Revenue in the quarter rose 17%, or 23% in constant currency to $664 million, which missed estimates at $673.2 million.
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Grab held $2.1 billion in cash and equivalents as of March 31. Grab’s first-quarter revenue of $653 million (up 24% year-on-year) in the first quarter of 2024 compared to Uber’s $10.10 billion ...