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Grab Shares Drop as Profit Misses Expectations Despite Revenue Beat

Grab Holdings Limited (NASDAQ:GRAB) shares plunged 9.2% on Tuesday after the Southeast Asian super app reported third-quarter ...
Investing.com Canada

Grab shares tumble as Q3 profit falls short despite revenue beat

Investing.com - Grab Holdings Limited (NASDAQ:GRAB) shares tumbled 9.2% on Tuesday after the Southeast Asian ride-hailing and delivery giant reported third-quarter results that showed modest profit ...

Why Grab Holdings Plunged Today

Moreover, Grab has roughly $5.3 billion in net cash on its balance sheet, making up over 23% of the company's market cap.
DealStreetAsia

Grab’s cash pile starting to swell, but its purse strings remain tight

President and COO Alex Hungate penned a message calling the quarter “record-setting,” crediting the team’s “incredible momentum.” CFO Peter Oey’s social media team added a fun twist, posting a video ...
The Edge Singapore

Grab raises earnings forecast as new products help fuel demand

(Nov 4): Grab Holdings Ltd. raised its earnings forecast for the year after quarterly profit topped estimates, signaling ...

Grab Upgrades Guidance After Third-Quarter Rises in Revenue, Profit

Grab now expects revenue for the year at $3.38 billion to $3.40 billion, versus a prior range of $3.33 billion to $3.40 billion. Group adjusted Ebitda climbed 51% on the year to a record $136 million ...

Grab Raises Outlook After Money-Saving Products Fuel Rides

Grab Holdings Ltd. raised its earnings forecast for the year after quarterly profit topped estimates, helped by novel ...