From Investing: 2024-11-11 17:50:28

Singapore’s Grab Holdings raises fiscal 2024 revenue forecast due to expected growth in food delivery and ride-hailing. U.S.-listed shares rose 9% in extended trading. Revenue expected between $2.76 billion and $2.78 billion, up from prior projection. Food delivery business recovering from post-pandemic slump, showing economic easing. CEO remains bullish on Southeast Asia growth outlook. Company expects positive free cash flow for the full year, with third-quarter revenue surpassing estimates at $716 million.



Read more at Investing: Singapore’s Grab raises annual revenue forecast, shares jump By Reuters