Reported 13 days ago
Grab Holdings Ltd. saw its shares rise by up to 15% in late US trading after the Southeast Asian ride-hailing giant revised its earnings forecast to between $308 million and $313 million for the year, exceeding previous estimates. The company's third-quarter earnings of $90 million surpassed analysts' expectations, with revenue also up 17% to $716 million. Despite fierce competition and reduced customer spending in the region, Grab is focusing on maintaining profitability while its user base expands.
Source: YAHOO