Grab Raises Revenue Forecast Amid Strong Earnings and Market Potential
Originally Published 1 year ago — by Yahoo Finance
Grab Holdings has raised its fiscal 2024 revenue forecast, anticipating strong growth in its food delivery and ride-hailing services during the holiday season. The company's U.S.-listed shares rose over 10% following the announcement. Grab's CEO expressed optimism about Southeast Asia's growth potential, while the company reported third-quarter revenue of $716 million, surpassing expectations. The firm also increased its annual core profit forecast and highlighted the success of its premium ride offerings.