Grab Raises FY23 Revenue Outlook from $2.20B - $2.30B to $2.31B - $2.33B Vs. $2.32B Estimate
Portfolio Pulse from Benzinga Newsdesk
Grab Holdings Inc. has raised its FY23 revenue outlook from $2.20B - $2.30B to $2.31B - $2.33B, slightly above the $2.32B estimate. The company also improved its adjusted EBITDA guidance from $(30) million - $(40) million to $(20) million - $(25) million.
November 09, 2023 | 11:06 am
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Grab's raised FY23 revenue and improved EBITDA guidance may positively impact its stock in the short term.
Companies that raise their revenue outlook and improve their EBITDA guidance are often viewed positively by investors, as these changes suggest better future financial performance. This could lead to increased demand for Grab's stock, potentially driving its price up in the short term.
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