Nov 16 (Reuters) – Grab Holdings Ltd (GRAB.O) on Wednesday raised its forecast for annual revenue as demand for its ride-hailing service and food deliveries remains strong across Southeast Asia.
U.S.-listed shares of Southeast Asia’s biggest ride-hailing and food delivery firm rose 8% in trading before the bell.
Decade-old Grab has become a go-to for consumers in the region as they increasingly step out and return to offices.
The company said it expected revenue between $1.32 billion and $1.35 billion. It had previously forecast revenue between $1.25 billion and $1.30 billion for the year.
Grab also raised its forecast for annual gross merchandise volume growth (GMV) to between 22% and 25%. It had previously forecast GMV growth of 21% to 25% for the year.
Reporting by Vansh Agarwal in Bengaluru; Editing by Sriraj Kalluvila and Devika Syamnath
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