Grab Holdings Expects FY24 Revenue Of $2.70B-$2.75B Vs $2.77B Est
Portfolio Pulse from Benzinga Newsdesk
Grab Holdings has provided its financial guidance for FY24, expecting revenue between $2.70 billion and $2.75 billion, which is slightly below the estimated $2.77 billion. The company also expects adjusted EBITDA to be between $250 million and $270 million and positive adjusted free cash flow for the full year.
August 15, 2024 | 11:04 am
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Grab Holdings has provided its FY24 financial guidance, expecting revenue between $2.70 billion and $2.75 billion, slightly below the estimated $2.77 billion. The company also expects adjusted EBITDA to be between $250 million and $270 million and positive adjusted free cash flow for the full year.
The revenue guidance is slightly below market expectations, which could be seen as a minor negative. However, the unchanged EBITDA and positive free cash flow outlooks are positive factors, balancing the overall impact.
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