Great to see the good progress

Great to see the good progress the company is making towards profitability. Consistent and predictable results and strong leadership will get us there! Rooting for you Grab and Anthony! Make us proud!

Grab Shares Surge over 13% After Raising Annual Revenue Forecast

Grab Jumps 10% on Lift Guidance! Expect More Rally After Earnings?

Grab Holdings turned a profit in the third quarter, moving from a loss of $99 million (about SGD 132 million) a year ago to a profit of $15 million. The group expects strong business growth and has raised its full-year revenue forecast for fiscal year 2024. --------------- Will you trade Grab after it turns to profit? Do you use Grab services? What's your target price?

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Expect More Rally After Earnings?","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":8d4cff77e0604eddaf8eea3be27e259f}&rnconfig={\"headerBarHidden\": true}","description":"Grab Holdings turned a profit in the third quarter, moving from a loss of $99 million (about SGD 132 million) a year ago to a profit of $15 million. The group expects strong business growth and has raised its full-year revenue forecast for fiscal year 2024.\n---------------\nWill you trade Grab after it turns to profit?\nDo you use Grab services?\nWhat's your target price?","image":"https://community-static.tradeup.com/news/6f0d82cd9ac8cdd645845b0075de1fae"}],"images":[],"coverImages":[],"html":"<html><head></head><body><p><v-v data-views=\"1\"></v-v> Great to see the&nbsp;good progress the company is making towards profitability.&nbsp; Consistent and&nbsp;predictable results and strong leadership will get us there! Rooting for you Grab and Anthony!&nbsp; Make us proud!&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p><v-v data-views=\"1\"></v-v> Great to see the&nbsp;good progress the company is making towards profitability.&nbsp; Consistent and&nbsp;predictable results and strong leadership will get us there! Rooting for you Grab and Anthony!&nbsp; Make us proud!&nbsp;</p></body></html>","text":"Great to see the good progress the company is making towards profitability. Consistent and predictable results and strong leadership will get us there! Rooting for you Grab and Anthony! Make us proud!","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/370053764788304","repostId":2482762216,"repostType":2,"repost":{"id":"2482762216","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1731364893,"share":"https://www.laohu8.com/m/news/2482762216?lang=&edition=full","pubTime":"2024-11-12 06:41","market":"us","language":"en","title":"Grab Shares Surge over 13% After Raising Annual Revenue Forecast","url":"https://stock-news.laohu8.com/highlight/detail?id=2482762216","media":"Reuters","summary":" - Singapore's $Grab Holdings$ raised its forecast for fiscal 2024 revenue on Monday, as it anticipates robust growth in its food delivery and ride-hailing businesses.U.S.-listed shares of the company rose over 13% in extended trading.The company expects revenue in the range of $2.76 billion to $2.78 billion, compared with its prior projection of between $2.70 billion and $2.75 billion.Its mainstay food delivery business has been recovering from a post-pandemic slump in demand as consumers incre","content":"<html><head></head><body><p>Singapore&#39;s <a href=\"https://laohu8.com/S/GRAB\">Grab Holdings </a> raised its forecast for fiscal 2024 revenue on Monday, as the Southeast Asian tech firm anticipates robust growth in its food delivery and ride-hailing businesses during the busy holiday season.</p><p>U.S.-listed shares of the company jumped more than 13% in extended trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/30b434309807a53320a954a7bbef6a47\" title=\"\" tg-width=\"780\" tg-height=\"621\"/></p><p>Grab&#39;s mainstay food delivery business has been recovering from a post-pandemic slump in demand as consumers increase their discretionary spending budgets in a sign of economic easing.</p><p>&#34;We remain bullish on the long-term growth outlook of Southeast Asia, and are firing on all cylinders to capture the strong user demand trends,&#34; Grab CEO Anthony Tan said.</p><p>The company expects revenue in the range of $2.76 billion to $2.78 billion, compared with its prior projection of between $2.70 billion and $2.75 billion.</p><p>Grab has been attempting to introduce cheaper options for its ride-hailing services to woo price-wary customers. On the other hand, the firm has been trying to promote its premium offerings as well to boost its earnings.</p><p>The margins for the more premium rides are 1.2 times higher than the standard rides offered by the company, CFO Peter Oey told Reuters.</p><p>Grab reported third-quarter revenue of $716 million, exceeding Visible Alpha estimates of $700.8 million.</p><p>Oey said transactions made by customers were up 22% in the third quarter and subscribers of the company&#39;s services spend four times that of non-subscribers.</p><p>The firm also raised its annual core profit forecast to between $308 million and $313 million, from $250 million and $270 million.</p><p>Revenue in the deliveries segment increased 16% to $380 million, surpassing estimates of $374.2 million.</p><p>The company left its annual adjusted free cash flow forecast unchanged and beat estimates in its financial segment.</p><p>On an adjusted basis, the company earned 1 cent per share, compared with estimates of a break-even quarter, as per data compiled by LSEG.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrab Shares Surge over 13% After Raising Annual Revenue Forecast\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-11-12 06:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Singapore&#39;s <a href=\"https://laohu8.com/S/GRAB\">Grab Holdings </a> raised its forecast for fiscal 2024 revenue on Monday, as the Southeast Asian tech firm anticipates robust growth in its food delivery and ride-hailing businesses during the busy holiday season.</p><p>U.S.-listed shares of the company jumped more than 13% in extended trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/30b434309807a53320a954a7bbef6a47\" title=\"\" tg-width=\"780\" tg-height=\"621\"/></p><p>Grab&#39;s mainstay food delivery business has been recovering from a post-pandemic slump in demand as consumers increase their discretionary spending budgets in a sign of economic easing.</p><p>&#34;We remain bullish on the long-term growth outlook of Southeast Asia, and are firing on all cylinders to capture the strong user demand trends,&#34; Grab CEO Anthony Tan said.</p><p>The company expects revenue in the range of $2.76 billion to $2.78 billion, compared with its prior projection of between $2.70 billion and $2.75 billion.</p><p>Grab has been attempting to introduce cheaper options for its ride-hailing services to woo price-wary customers. On the other hand, the firm has been trying to promote its premium offerings as well to boost its earnings.</p><p>The margins for the more premium rides are 1.2 times higher than the standard rides offered by the company, CFO Peter Oey told Reuters.</p><p>Grab reported third-quarter revenue of $716 million, exceeding Visible Alpha estimates of $700.8 million.</p><p>Oey said transactions made by customers were up 22% in the third quarter and subscribers of the company&#39;s services spend four times that of non-subscribers.</p><p>The firm also raised its annual core profit forecast to between $308 million and $313 million, from $250 million and $270 million.</p><p>Revenue in the deliveries segment increased 16% to $380 million, surpassing estimates of $374.2 million.</p><p>The company left its annual adjusted free cash flow forecast unchanged and beat estimates in its financial segment.</p><p>On an adjusted basis, the company earned 1 cent per share, compared with estimates of a break-even quarter, as per data compiled by LSEG.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2482762216","content_text":"Singapore's Grab Holdings  raised its forecast for fiscal 2024 revenue on Monday, as the Southeast Asian tech firm anticipates robust growth in its food delivery and ride-hailing businesses during the busy holiday season.U.S.-listed shares of the company jumped more than 13% in extended trading.Grab's mainstay food delivery business has been recovering from a post-pandemic slump in demand as consumers increase their discretionary spending budgets in a sign of economic easing.\"We remain bullish on the long-term growth outlook of Southeast Asia, and are firing on all cylinders to capture the strong user demand trends,\" Grab CEO Anthony Tan said.The company expects revenue in the range of $2.76 billion to $2.78 billion, compared with its prior projection of between $2.70 billion and $2.75 billion.Grab has been attempting to introduce cheaper options for its ride-hailing services to woo price-wary customers. 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