Grab Shares Surge over 13% After Raising Annual Revenue Forecast
- 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