Grab raises full-year profit and revenue outlook on strong Southeast Asian travel and transport demand

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Summary · why it matters

Grab Holdings has raised its profit and revenue forecasts for this year, now expecting adjusted earnings before interest, taxes, depreciation, and amortisation of 720 to 740 million US dollars and revenue of up to 4.15 billion US dollars, up from the previous top-end estimates of 720 million US dollars and 4.1 billion US dollars respectively. The upgrade reflects robust commuter demand in Southeast Asia, even as higher oil prices driven by Middle East tensions push up ride-hailing and delivery costs. In addition, Grab's board has approved an additional 750 million US dollar share buyback programme, amid fierce competition from rivals GoTo Group and Green & Smart Mobility JSC in key markets such as Indonesia and Vietnam.

Impact on assets 1

Digital Finance & Tokenization▲
Grab Holdings Ltd
GRAB
▲ PositiveCapitalDemandrelevance

Raises full-year profit and revenue outlook and approves additional $750M buyback.

Off-coverage companies 2

GoTo Group (Indonesia)i
Private▼ NegativeCompetitionrelevance

Grab's raised outlook and buyback intensify competition in key markets.

Green and Smart Mobility JSC (GSM)i
Private▼ NegativeCompetitionrelevance

Grab's raised outlook and buyback intensify competition in key markets.