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Grab Raises Full-Year Profit Forecast as Q1 Revenue Beats Estimates
The Straits Times
|May 01, 2025
Revenue rises 18%; company narrows operating loss, reverses net profit loss
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Grab Holdings raised its full-year earnings forecast after first-quarter sales beat estimates, a sign that the South-east Asian ride-hailing and food-delivery market might be a bright spot in a tech industry rattled by global trade tensions.
Adjusted earnings before interest, taxes, depreciation and amortisation will be as much as US$480 million (S$627 million) in 2025, rather than the up to US$470 million projected previously, Singapore-based Grab said in a statement on April 30.
The company saw an 18 per cent rise in revenue to US$773 million for the first quarter, surpassing the average analyst estimate of US$766 million.
Dit verhaal komt uit de May 01, 2025-editie van The Straits Times.
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