jack911001
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(Singapore, New York, 12th consolidated news) Southeast Asia's ride-hailing and food delivery company, Grab Holdings, $Grab Holdings (GRAB.US)$ turned from loss to profit, recording a net profit of 15 million US dollars (about 66.42 million ringgit) in the third quarter, inspiring a sharp rise in stock prices.
During the overnight US stock trading session, Grab rose by 3.55%, closing at 4.38 US dollars; after announcing better-than-expected performance and strong performance guidance, the stock rose by as much as 15% after market close, reaching a high of 5.04 US dollars.
The company announced that all business revenues grew, driving third-quarter revenue to increase by 17% year-on-year to 0.716 billion US dollars (about 3.171 billion ringgit), exceeding market expectations of 0.697 billion US dollars.
In response to intense competition, the company has adopted a series of cost reduction and efficiency improvement measures and is now reaping the benefits, achieving profitability for the second consecutive time.
According to the company's announcement on the exchange, Grab Holdings' revenue this year can reach 2.78 billion US dollars (approximately 12.311 billion ringgit), with adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) ranging from 0.308 billion to 0.313 billion US dollars (1.364 billion to -1.386 billion ringgit).
Founder and CEO Anthony Tan stated that the group's business has gained strong momentum at the end of the year, and the company expects the total transaction value of its on-demand services to continue growing in the fourth quarter, thereby raising revenue and EBITDA outlook for the current fiscal year.
Although Grab's growth rate is slower compared to the past few years...
During the overnight US stock trading session, Grab rose by 3.55%, closing at 4.38 US dollars; after announcing better-than-expected performance and strong performance guidance, the stock rose by as much as 15% after market close, reaching a high of 5.04 US dollars.
The company announced that all business revenues grew, driving third-quarter revenue to increase by 17% year-on-year to 0.716 billion US dollars (about 3.171 billion ringgit), exceeding market expectations of 0.697 billion US dollars.
In response to intense competition, the company has adopted a series of cost reduction and efficiency improvement measures and is now reaping the benefits, achieving profitability for the second consecutive time.
According to the company's announcement on the exchange, Grab Holdings' revenue this year can reach 2.78 billion US dollars (approximately 12.311 billion ringgit), with adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) ranging from 0.308 billion to 0.313 billion US dollars (1.364 billion to -1.386 billion ringgit).
Founder and CEO Anthony Tan stated that the group's business has gained strong momentum at the end of the year, and the company expects the total transaction value of its on-demand services to continue growing in the fourth quarter, thereby raising revenue and EBITDA outlook for the current fiscal year.
Although Grab's growth rate is slower compared to the past few years...
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jack911001
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$Grab Holdings (GRAB.US)$ Will it rise to above 5.5 tomorrow?
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$Volcon (VLCN.US)$ Good news, raise this stock 📈!
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$Nxu Inc (NXU.US)$ Down 📉 broke 0.035
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$Nxu Inc (NXU.US)$ From a 20++% increase to a drop 📉 What kind of operation is this?
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$Nxu Inc (NXU.US)$ It's not normal. I don't understand the signs
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jack911001
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$RVL Pharmaceuticals (RVLP.US)$ but the thing with this one even over $Micromobility.com (MCOM.US)$ is her float is extremely lower to which tells me when this sucker flies bish is gonna skyrocket way more than those ever would!🔮🔥🦅♾️👀🚀🚀🚀
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$T2 Biosystems (TTOO.US)$ Obviously it was being stirred up by many
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