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Grab Holdings Limited (GRAB)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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2.6300+0.0700 (+2.73%)
At close: 04:00PM EDT
2.6400 +0.01 (+0.38%)
After hours: 07:59PM EDT
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    Grab Sees Slower Growth While It Pursues 2024 Profitability

    (Bloomberg) -- Grab Holdings Ltd. expects revenue to slow sharply as the Southeast Asian internet giant targets profitability in 2024, speeding up efforts to reverse years of losses.The ride-sharing and delivery provider gave the forecast for a 45% to 55% increase at its first investor day, trying to reassure shareholders it’s on the rebound. Analysts were projecting 49% growth for 2023 on average. The company backed by SoftBank Group Corp. also said it anticipates breaking even in the second ha

  • Business Wire

    Grab targets Group Adjusted EBITDA breakeven by H2 2024 as it accelerates path to profitability

    SINGAPORE, September 27, 2022--Grab Holdings Limited (NASDAQ: GRAB) announced today at its first Investor Day that it is targeting to achieve breakeven on a Group Adjusted EBITDA1 basis by the second half of 2024, as it accelerates its path to profitability. For the second half of 2022, Group Adjusted EBITDA is expected to be $(380) million, a 27% improvement compared to the first half of 2022. With a focus on sustainable growth, Grab also announced that it expects Group revenues to grow strongl