Grab raises full-year adjusted Ebitda guidance after posting US$24 million profit in Q1
Revenue for Nasdaq-listed company improves 18% to US$773 million
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[SINGAPORE] Grab on Wednesday (Apr 30) reported net profit of US$24 million for the first quarter ended Mar 31, 2025, reversing from a US$104 million loss in the previous corresponding period.
The turnaround was driven by higher revenue across all segments, improved operating loss and higher net finance income which included US$33 million in foreign exchange gains, it said
Revenue for the three months was US$773 million, up 18 per cent from US$653 million, surpassing the average analyst estimate of US$766 million in a Bloomberg poll.
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