Grab Raises Revenue Forecast
Grab raises annual revenue forecast, shares jump
Singapore's Grab Holdings GRAB.O raised its forecast for fiscal 2024 revenue on Monday (Nov 11), as it anticipates robust growth in its food delivery and ride-hailing businesses. US-listed shares of the company jumped over 10 per cent in extended trading.
Grab’s third-quarter 2024 financial results reveal a robust 17% year-over-year revenue growth, reaching $716 million, fueled by increases across all segments. The company achieved a profit of $15 ...
“Just recently we were with the Prime Minister of Thailand. I mean it’s like the movie, Everybody Loves Raymond. This one’s ...
In a note, Citi Research analysts said that continued operating efficiency helped Grab improve its profitability, with the latest quarter’s net profit surpassing consensus estimates. Revenue ...
Additionally, Grab’s consolidated EBITDA of $90 million and a net profit of $15 million were notably higher than anticipated. Alicia Yap highlights that the upward revision of Grab’s full-year ...
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