Grab Holdings raised its 2024 revenue forecast to $2.76-$2.78B, driven by growth in food delivery and ride-hailing.

Grab Holdings, a major Southeast Asian tech firm, raised its 2024 revenue forecast to between $2.76 billion and $2.78 billion, up from $2.70 billion to $2.75 billion, due to strong growth in food delivery and ride-hailing. The company’s shares rose over 10% in extended trading. In Q3, Grab reported a revenue of $716 million and a profit of $15 million, showing significant improvement from the previous year.

November 11, 2024
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