Grab Shares Drop Over 10% Following Weak Revenue Forecast

The Southeast Asian ride-hailing giant reported higher revenue and a rare quarterly profit but fell short of market expectations for 2025 growth.

Grab Holdings reported fourth-quarter revenue of $764 million, a 15% year-over-year increase, and a net profit of $11 million, marking one of its few profitable quarters since going public.
Despite revenue growth, the company's 2025 revenue forecast of $3.33–$3.40 billion fell below analysts' expectations, leading to a sharp decline in its stock price.
The company faces intense competition in Southeast Asia's ride-hailing and food delivery markets, with rivals such as GoTo and Foodpanda vying for market share.
Grab's spending on consumer incentives increased by 20% in 2024, reaching $1.1 billion, as it seeks to attract new users and promote newer services like grocery delivery and financial products.
CEO Anthony Tan emphasized the region's growth potential, noting that Grab serves only 5% of Southeast Asia's population despite reaching 44 million monthly users.