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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 ...
(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 workforce reduction ...
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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.
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.
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 ...
Investors are focused on the potential extension of the stock market's bull rally heading into 2025. Wall Street experts highlighted the most important stock market charts to watch into next year.