SoftBank-Backed Grab Posts Lower Q3 Attributable Profit; Revenue Up
MT Newswires11-03
SoftBank Group (TYO:9984)-backed Grab Holdings posted $27 million in profit attributable to the owners for the third quarter, compared with $37 million a year ago.
EPS moved to nil from $0.01 year over year, a Tuesday statement showed.
For the three months ended Sept. 30, revenue was $1.11 billion versus $873 million previously, the Singapore-headquartered ride-hailing and delivery company said.
Grab, also backed by Mitsubishi UFJ Financial Group (TYO:8306), raised its 2026 revenue estimate to $4.15 billion to $4.20 billion from the $4.10 billion to $4.15 billion forecast provided in August.
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