Grab Raises Profitability Metric Forecast as Quarterly Loss Narrows

Grab Raises Profitability Metric Forecast

The Southeast Asian ride-hailing and delivery specialist, Grab, has adjusted its full-year forecast for a key profitability metric due to successful cost-cutting efforts and expansion in core businesses. This adjustment comes after the company reported a narrowed net loss in the first quarter.

Key Highlights:

• Boosted Forecast: Grab raises its profitability metric outlook for the year.
• Cost-cutting Efforts: Emphasis on reducing costs contributes to improved financial performance.
• Core Business Expansion: Expansion efforts in key sectors help narrow quarterly losses.