BUZZ-Grab Holdings falls on gloomy 2025 revenue forecast
ReutersFeb 19, 2025 11:22 PM
Shares of Singapore-based software firm Grab Holdings GRAB.O fall 7.5% to $4.94 in after-hours trade
Company forecasts 2025 annual revenue between $3.33 billion and $3.40 billion, compared with analysts' estimates of $3.40 billion, according to data compiled by LSEG
GRAB battles with tough competition in food delivery and ride-hailing businesses
Grab reported fourth-quarter revenue of $764 million, compared with analysts' average estimate of $757.6 million
In 2024, company's shares rose 40.1%
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