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Grab Stock Falls on Weak Outlook
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Key Points
- Grab Holdings shares are Fall in Southeast Asian ride and grain delivery companies traded on Thursday, trading volumes failed to meet fourth-quarter performance estimates and gave weak.
- The Singapore-based company reported revenue rose 15% year-on-year to $764 million in the fourth quarter, with net revenue of $11 million.
- Both are below the average estimates of analysts in the Visible Alpha survey.
Shares of Grab Holdings (catch)fall Southeast Asian ride-hailing and food delivery companies lacked fourth-quarter results estimates and gave weaker trading on Thursday.
The Singapore-based company reported revenues rose 15% year-on-year to $764 million in the fourth quarter, with net revenue of $11 million, both below average estimates from analysts surveyed by Visible Alpha.
It says it expects to make year-round adjustments Income before interest, taxes, depreciation and amortization (EBITDA) Between $440 million and $470 million, compared with $313 million in 2024. This is much lower than the estimate of visible alpha of about $492 million.
It also predicts revenues in 2025 will be between $3.33 billion and $3.4 billion, up from $280 billion in 2024. The midpoint of this range is also below analyst estimates.
Despite this, the company has not yet made full-year profits, but has reached new milestones.
“We have more users on our platform than ever before.” CEO (CEO) Anthony Tan says there is nothing in the company Continue to “generate profitability on a large scale”.
Grab shares rose more than 50% in the 12 months to Wednesday.
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