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Grab Holdings Reports First Profitable Quarter but Shares Decline on Weak Guidance
Grab Holdings Reports First Profitable Quarter but Shares Decline on Weak Guidance
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BTCCSquare news:
Grab Holdings Ltd., Southeast Asia's leading ride-hailing and delivery platform, saw its shares drop 6% despite posting its first-ever profitable quarter. Revenue grew 23% year-over-year to $236 million annualized, driven by a 13% increase in monthly transacting users.
The company's advertising business emerged as a key profit driver, now representing 1.7% of delivery gross merchandise value. Segment performance showed strong growth across delivery (23%), mobility (19%), and financial services (41%).
Market reaction turned negative after forward guidance failed to meet analyst expectations. The decline highlights investor sensitivity to growth projections even when current performance exceeds targets.
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