Grab Expects Full-Year Revenue Growth of 21%-22%, Raises Earnings Guidance

Grab Holdings has upgraded its full-year guidance after posting a net profit of $17.0 million for Q3, compared to $15 million last year. Revenue rose to a record $873.0 million, aided by growth across segments. The company tightened annual revenue guidance to 21% to 22% growth and raised adjusted earnings before interest, taxes, depreciation, and amortization to $490 million to $500 million.