Singapore's Grab Misses Quarterly Revenue Estimates, Shares Drop

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Singapore's Grab Misses Quarterly Revenue Estimates, Shares Drop

Reuters08-15

Grab Holdings missed second-quarter revenue estimates as demand faltered in its ride-share and food-delivery services, sending its U.S.-listed shares down 8% in premarket trading on Thursday.

Revenue rose 17% to $664 million in the quarter ended June 30, compared with analysts' estimates of $673.3 million, according to LSEG data.

Sales from the food delivery business - its largest - grew 11% to $356 million, lower than Visible Alpha estimates of $362.1 million. Ride-share revenue grew a worse-than-expected 14%.

Grab, which competes with Gojek, now part of Indonesia's GoTo Gojek Tokopedia , said in February revenue growth will accelerate in the years beyond 2024 as investments in new products bear fruit.

The company retained its full-year revenue forecast of $2.70 billion to $2.75 billion.

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SuperDuper1
·08-15
Why is Reuters quoting an obscure Visible alpha's estimates instead of consensus numbers ? Seems dodgy..
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Dr Rck
·08-15
Isn't Grab regional and market is buoyant still? Apparently it seems to be so as Uber is surely doing well? I wonder why..
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Ride-share revenue grew a worse-th","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"GRAB":"Grab Holdings"},"translate_title":"新加坡Grab未达季度收入预期，股价下跌","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GRAB":1},"content_text":"Grab Holdings missed second-quarter revenue estimates as demand faltered in its ride-share and food-delivery services, sending its U.S.-listed shares down 8% in premarket trading on Thursday.Revenue rose 17% to $664 million in the quarter ended June 30, compared with analysts' estimates of $673.3 million, according to LSEG data.Sales from the food delivery business - its largest - grew 11% to $356 million, lower than Visible Alpha estimates of $362.1 million. Ride-share revenue grew a worse-than-expected 14%.Grab, which competes with Gojek, now part of Indonesia's GoTo Gojek Tokopedia , said in February revenue growth will accelerate in the years beyond 2024 as investments in new products bear fruit.The company retained its full-year revenue forecast of $2.70 billion to $2.75 billion.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":338719659634800,"gmtCreate":1723736060381,"gmtModify":1723736064738,"author":{"id":"4136897647765072","authorId":"4136897647765072","name":"SuperDuper1","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"4136897647765072","authorIdStr":"4136897647765072"},"htmlText":"Why is Reuters quoting an obscure Visible alpha's estimates instead of consensus numbers ? Seems dodgy..&nbsp;","listText":"Why is Reuters quoting an obscure Visible alpha's estimates instead of consensus numbers ? Seems dodgy..&nbsp;","text":"Why is Reuters quoting an obscure Visible alpha's estimates instead of consensus numbers ? Seems dodgy..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/338719659634800","repostId":2459440332,"repostType":2,"repost":{"id":"2459440332","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1723720332,"share":"https://ttm.financial/m/news/2459440332?lang=&edition=fundamental","pubTime":"2024-08-15 19:12","market":"us","language":"en","title":"Singapore's Grab Misses Quarterly Revenue Estimates, Shares Drop","url":"https://stock-news.laohu8.com/highlight/detail?id=2459440332","media":"Reuters","summary":"$Grab Holdings$ missed second-quarter revenue estimates as demand faltered in its ride-share and food-delivery services, sending its U.S.-listed shares down 8% in premarket trading on Thursday.Revenue rose 17% to $664 million in the quarter ended June 30, compared with analysts' estimates of $673.3 million, according to LSEG data.Sales from the food delivery business - its largest - grew 11% to $356 million, lower than Visible Alpha estimates of $362.1 million. Ride-share revenue grew a worse-th","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/GRAB\">Grab Holdings</a> missed second-quarter revenue estimates as demand faltered in its ride-share and food-delivery services, sending its U.S.-listed shares down 8% in premarket trading on Thursday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e353ae298093bc18df8b6fac5b80998b\" tg-width=\"781\" tg-height=\"843\"/></p><p>Revenue rose 17% to $664 million in the quarter ended June 30, compared with analysts&#39; estimates of $673.3 million, according to LSEG data.</p><p>Sales from the food delivery business - its largest - grew 11% to $356 million, lower than Visible Alpha estimates of $362.1 million. Ride-share revenue grew a worse-than-expected 14%.</p><p>Grab, which competes with Gojek, now part of Indonesia&#39;s GoTo Gojek Tokopedia , said in February revenue growth will accelerate in the years beyond 2024 as investments in new products bear fruit.</p><p>The company retained its full-year revenue forecast of $2.70 billion to $2.75 billion.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore's Grab Misses Quarterly Revenue Estimates, Shares Drop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; 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\">\nSingapore's Grab Misses Quarterly Revenue Estimates, Shares Drop\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\">2024-08-15 19:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/GRAB\">Grab Holdings</a> missed second-quarter revenue estimates as demand faltered in its ride-share and food-delivery services, sending its U.S.-listed shares down 8% in premarket trading on Thursday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e353ae298093bc18df8b6fac5b80998b\" tg-width=\"781\" tg-height=\"843\"/></p><p>Revenue rose 17% to $664 million in the quarter ended June 30, compared with analysts&#39; estimates of $673.3 million, according to LSEG data.</p><p>Sales from the food delivery business - its largest - grew 11% to $356 million, lower than Visible Alpha estimates of $362.1 million. Ride-share revenue grew a worse-than-expected 14%.</p><p>Grab, which competes with Gojek, now part of Indonesia&#39;s GoTo Gojek Tokopedia , said in February revenue growth will accelerate in the years beyond 2024 as investments in new products bear fruit.</p><p>The company retained its full-year revenue forecast of $2.70 billion to $2.75 billion.</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":"2459440332","content_text":"Grab Holdings missed second-quarter revenue estimates as demand faltered in its ride-share and food-delivery services, sending its U.S.-listed shares down 8% in premarket trading on Thursday.Revenue rose 17% to $664 million in the quarter ended June 30, compared with analysts' estimates of $673.3 million, according to LSEG data.Sales from the food delivery business - its largest - grew 11% to $356 million, lower than Visible Alpha estimates of $362.1 million. Ride-share revenue grew a worse-than-expected 14%.Grab, which competes with Gojek, now part of Indonesia's GoTo Gojek Tokopedia , said in February revenue growth will accelerate in the years beyond 2024 as investments in new products bear fruit.The company retained its full-year revenue forecast of $2.70 billion to $2.75 billion.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":338860049101128,"gmtCreate":1723733743775,"gmtModify":1723733749823,"author":{"id":"3576157343730083","authorId":"3576157343730083","name":"Dr Rck","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3576157343730083","authorIdStr":"3576157343730083"},"htmlText":"Isn't Grab regional and market is buoyant still? Apparently it seems to be so as Uber is surely doing well? I wonder why..&nbsp;","listText":"Isn't Grab regional and market is buoyant still? Apparently it seems to be so as Uber is surely doing well? I wonder why..&nbsp;","text":"Isn't Grab regional and market is buoyant still? Apparently it seems to be so as Uber is surely doing well? I wonder why..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/338860049101128","repostId":2459440332,"repostType":2,"repost":{"id":"2459440332","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1723720332,"share":"https://ttm.financial/m/news/2459440332?lang=&edition=fundamental","pubTime":"2024-08-15 19:12","market":"us","language":"en","title":"Singapore's Grab Misses Quarterly Revenue Estimates, Shares Drop","url":"https://stock-news.laohu8.com/highlight/detail?id=2459440332","media":"Reuters","summary":"$Grab Holdings$ missed second-quarter revenue estimates as demand faltered in its ride-share and food-delivery services, sending its U.S.-listed shares down 8% in premarket trading on Thursday.Revenue rose 17% to $664 million in the quarter ended June 30, compared with analysts' estimates of $673.3 million, according to LSEG data.Sales from the food delivery business - its largest - grew 11% to $356 million, lower than Visible Alpha estimates of $362.1 million. Ride-share revenue grew a worse-th","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/GRAB\">Grab Holdings</a> missed second-quarter revenue estimates as demand faltered in its ride-share and food-delivery services, sending its U.S.-listed shares down 8% in premarket trading on Thursday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e353ae298093bc18df8b6fac5b80998b\" tg-width=\"781\" tg-height=\"843\"/></p><p>Revenue rose 17% to $664 million in the quarter ended June 30, compared with analysts&#39; estimates of $673.3 million, according to LSEG data.</p><p>Sales from the food delivery business - its largest - grew 11% to $356 million, lower than Visible Alpha estimates of $362.1 million. Ride-share revenue grew a worse-than-expected 14%.</p><p>Grab, which competes with Gojek, now part of Indonesia&#39;s GoTo Gojek Tokopedia , said in February revenue growth will accelerate in the years beyond 2024 as investments in new products bear fruit.</p><p>The company retained its full-year revenue forecast of $2.70 billion to $2.75 billion.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore's Grab Misses Quarterly Revenue Estimates, Shares Drop</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; 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\">\nSingapore's Grab Misses Quarterly Revenue Estimates, Shares Drop\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\">2024-08-15 19:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/GRAB\">Grab Holdings</a> missed second-quarter revenue estimates as demand faltered in its ride-share and food-delivery services, sending its U.S.-listed shares down 8% in premarket trading on Thursday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e353ae298093bc18df8b6fac5b80998b\" tg-width=\"781\" tg-height=\"843\"/></p><p>Revenue rose 17% to $664 million in the quarter ended June 30, compared with analysts&#39; estimates of $673.3 million, according to LSEG data.</p><p>Sales from the food delivery business - its largest - grew 11% to $356 million, lower than Visible Alpha estimates of $362.1 million. Ride-share revenue grew a worse-than-expected 14%.</p><p>Grab, which competes with Gojek, now part of Indonesia&#39;s GoTo Gojek Tokopedia , said in February revenue growth will accelerate in the years beyond 2024 as investments in new products bear fruit.</p><p>The company retained its full-year revenue forecast of $2.70 billion to $2.75 billion.</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":"2459440332","content_text":"Grab Holdings missed second-quarter revenue estimates as demand faltered in its ride-share and food-delivery services, sending its U.S.-listed shares down 8% in premarket trading on Thursday.Revenue rose 17% to $664 million in the quarter ended June 30, compared with analysts' estimates of $673.3 million, according to LSEG data.Sales from the food delivery business - its largest - grew 11% to $356 million, lower than Visible Alpha estimates of $362.1 million. Ride-share revenue grew a worse-than-expected 14%.Grab, which competes with Gojek, now part of Indonesia's GoTo Gojek Tokopedia , said in February revenue growth will accelerate in the years beyond 2024 as investments in new products bear fruit.The company retained its full-year revenue forecast of $2.70 billion to $2.75 billion.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":10,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}