(Reuters) – Grab Holdings beat analysts’ expectation for fourth-quarter revenue on Wednesday, bolstered by strong demand for its food delivery and ride-hailing businesses.
To get ahead in a highly competitive market, the company has been attempting to boost its subscriber base and drive higher usage on its app, which includes a wide array of services such as food delivery, ride-hailing and the fast-growing financial segment.
Grab reported revenue of $764 million, compared with analysts’ average estimate of $757.6 million, according to data compiled by LSEG.
The company forecast its fiscal 2025 revenue to be between $3.33 billion and $3.40 billion, compared with the estimate of $3.40 billion.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Shilpi Majumdar)
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