BUZZ-Grab Holdings falls on gloomy 2025 revenue forecast

Reuters

02-20

BUZZ-<a href="https://laohu8.com/S/GRAB">Grab Holdings</a> falls on gloomy 2025 revenue forecast

** Shares of Singapore-based software firm Grab Holdings GRAB.O fall 7.5% to $4.94 in after-hours trade

** Company forecasts 2025 annual revenue between $3.33 billion and $3.40 billion, compared with analysts' estimates of $3.40 billion, according to data compiled by LSEG

** GRAB battles with tough competition in food delivery and ride-hailing businesses

** Grab reported fourth-quarter revenue of $764 million, compared with analysts' average estimate of $757.6 million

** In 2024, company's shares rose 40.1%

(Reporting by Kritika Lamba in Bengaluru)

((Kritika.Lamba@thomsonreuters.com))

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