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Grab Holdings forecast its annual revenue below analysts' estimates on Wednesday, as it grapples with intense competition in food delivery and ride-hailing businesses, sending its U.S.-listed ...
(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 ...
(Reuters) -Singapore's Grab Holdings raised its forecast for fiscal 2024 revenue on Monday, as the Southeast Asian tech firm anticipates robust growth in its food delivery and ride-hailing ...
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.
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4. Information to be edited: It is Southeast Asia's first "decacorn" (a startup with a valuation of over US$10 billion). Requested edit: It is Southeast Asia's first "decacorn". Reason for change: They are going public this year, and the valuation has risen to over US$40 billion. Please refer to this recent Forbes article and add the citation.
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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