KEY TAKEAWAYS
Shares of Grab Holdings ( GRAB ) are falling around 3% in premarket trading Thursday after the Southeast Asian ride-hailing and food delivery firm missed fourth-quarter results estimates and gave a weak earnings outlook .
The Singapore-based company reported fourth-quarter revenue rose 15% year-over-year to $764 million, and net income of $11 million, both of which were below the average estimate of analysts surveyed by Visible Alpha.
It said it expects full-year adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of between $440 million and $470 million, versus $313 million for 2024. That fell far short of estimates from Visible Alpha of around $492 million.
It also forecast 2025 revenue of between $3.33 billion to $3.40 billion, up from $2.80 billion for 2024. The mid-point of the range was also below analysts' estimates.
Still, the company, which has yet to turn a full-year profit, hit new milestones.
“We have more users on our platform than ever," Chief Executive Officer (CEO) Anthony Tan said, nothing that the company continues "to generate profitability at scale."
Grab shares are up more than 50% in the 12 months through Wednesday.
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