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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) -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 ...
(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 ...
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.
Grab expects to generate between $3.33 billion and $3.4 billion in revenue for the coming year, which would be around 20% higher than its 2024 revenue of $2.8 billion.
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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.
Chinese stocks pulled back this week as investors questioned how much stimulus the Chinese government would implement. Doubt has also started to creep in about the direction of inflation and how ...