Grab shares jump after it raises earnings and revenue forecasts
The Straits Times|November 13, 2024
Grab Holdings shares jumped as much as 15 per cent in late US trading after the South-east Asia ride-hailing and delivery leader boosted its earnings forecast for the year, helped by cost cuts to tackle intense competition.
Grab shares jump after it raises earnings and revenue forecasts

The company predicted US$308 million (S$410.6 million) to US$313 million in adjusted full-year earnings before interest, taxes, depreciation and amortisation, more than the US$270 million it had forecast earlier.

Earnings for the third quarter ended September on that basis were US$90 million, exceeding the US$66.2 million analysts predicted, and Grab also posted its second net income.

Revenue in 2024 will be as much as US$2.78 billion, Grab said, rather than the up to US$2.75 billion it predicted earlier. Third-quarter revenue rose 17 per cent to US$716 million, compared with the US$697 million that analysts were expecting.

この記事は The Straits Times の November 13, 2024 版に掲載されています。

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この記事は The Straits Times の November 13, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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