Grab Holdings (GRAB) revenue guidance misses, announces share buyback plan
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Grab forecasts weak 2024 revenue after profitable quarter, buyback plan
February 22, 2024 6:18 AM ESTBy Yuvraj Malik
(Reuters) -Grab Holdings reported its first quarterly profit on Thursday and unveiled a maiden share repurchase program, but the ride-share and food-delivery firm's weak annual sales forecast fanned growth worries and weighed on its shares.
While the Singapore-based company's ride-share growth hit pre-pandemic levels in 2023, its food-delivery services is rebounding from a slowdown following a boom during the lockdown.
"There will be revenue acceleration in the years... More
Grab Holdings (GRAB) Tops Q4 EPS by 2c ; Offers Guidance
February 22, 2024 6:14 AM ESTGrab Holdings (NASDAQ: GRAB) reported Q4 EPS of $0.01, $0.02 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $653 million versus the consensus estimate of $633.67 million.
GUIDANCE:
Grab Holdings sees FY2024 revenue of $2.7-2.75 billion, versus the consensus... More
Grab Holdings (GRAB) Reports Q4, Announces First Ever $500M Share Buyback
February 22, 2024 6:12 AM ESTGrab Holdings Limited (NASDAQ: GRAB) today announced unaudited financial results for the fourth quarter and full year ended December 31, 2023.
2023 was a pivotal year for us. We generated over $11 billion of earnings1 for our partners, achieved strong top-line growth as we exited the year with Mobility GMV above pre-COVID levels and Deliveries GMV growth re-accelerating, while also reaching Adjusted EBITDA profitability in the year, said Anthony Tan, Group Chief Executive Officer and Co-Founder of Grab. We will continue to execute towards sustainable and profitable growth in 2024, as we deepen... More
