What uncertainty? Grab upgrades forecast and claims tougher economy might help its ride-hailing business

What uncertainty? Grab upgrades forecast and claims tougher economy might help its ride-hailing business

Grab, the Singapore-based ride-hailing giant, is upgrading its forecast after a better-than-expected first quarter. The company generated $773 million in revenue for the first quarter of the year, an 18% increase compared to the same period a year earlier. Grab posted strong double-digit percentage growth in its three business segments: mobility, deliveries and financial services. It earned $10 million in quarterly profit, compared to a $115 mil…

Grab Raises Forecast as Revenue Beats Estimates on Ride Demand

Grab Holdings Ltd. raised its full-year earnings forecast after quarterly sales beat estimates, a sign that the Southeast Asian ride-hailing and food-delivery market might be a bright spot in a tech industry rattled by global trade tensions.

Grab reports Q1 revenue up 18% YoY to $773M, vs. $762.6M est., deliveries revenue up 18% YoY to $415M, and mobility revenue of $282M, as spending remains strong

Zaheer Kachwala / Reuters: Grab reports Q1 revenue up 18% YoY to $773M, vs. $762.6M est., deliveries revenue up 18% YoY to $415M, and mobility revenue of $282M, as spending remains strong  —  Grab Holdings (GRAB.O) beat Wall Street expectations for first-quarter revenue on Tuesday, as the company benefited …