Grab Reiterates FY23 Revenue Outlook $2.20B - $2.30B Vs. $2.21B Estimate
Portfolio Pulse from Benzinga Newsdesk
Grab reiterates its FY23 revenue outlook of $2.20B - $2.30B, in line with the $2.21B estimate. The company also narrows its adjusted EBITDA loss guidance to $(195) million - $(235) million and maintains its Q4 2023 breakeven target.
May 18, 2023 | 11:08 am
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NEUTRAL IMPACT
Grab's FY23 revenue outlook remains unchanged at $2.20B - $2.30B, while adjusted EBITDA loss guidance narrows. Breakeven target is still Q4 2023.
Grab's reiteration of its FY23 revenue outlook and the narrowing of its adjusted EBITDA loss guidance show that the company is on track to meet its financial targets. However, as the outlook is in line with estimates, the short-term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100