Grab raised its annual profit forecast upward following a strong quarterly revenue performance that surpassed expectations, on Wednesday .
In 2023, Grab went through a restructuring exercise, including 1000 workforce reductions and technology expense cuts, aimed at achieving positive free cash flow this year. Grab’s US-listed shares rose by 2% in after-hours trading following the announcement of its strong quarterly results.
Source: Holiday News (holidaynews.net)
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