Grab forecasts 2023 revenue above estimates, brings forward profit target


FILE PHOTO: Staff of Grab, a food delivery service company, wait for orders inside the Central World mall in Bangkok, Thailand, March 22, 2020. REUTERS/Soe Zeya Tun

(Reuters) -Grab Holdings Ltd, Southeast Asia's biggest ride-hailing and food delivery firm, on Thursday forecast upbeat 2023 revenue and pulled forward its profitability timeline on hopes that consumers will continue to rely on its services.

New York-listed shares of a decade-old Grab, a household name in eight Southeast Asian countries, gained 6% in premarket trading.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Factbox-From trend to mainstay: AI to cement its place at the core of 2026 investment strategies
Data and AI firm Databricks valued at $134 billion in latest funding round
Business leaders agree AI is the future. They just wish it worked right now
Review: Defend a moving city in 'Monsters Are Coming' for PC and Xbox
Chip crunch to curb smartphone output in 2026, researcher says
App developers urge EU action on Apple fee practices
'Tomb Raider' Lara Croft to star in two new games 30 years on
Merriam-Webster’s 2025 word of the year is 'slop'
US communities push back against encroaching e-commerce warehouses
Will OpenAI be the next tech giant or next Netscape?

Others Also Read