Grab Achieves First-Ever Profitable Quarter, Raking in $11 Million in Profit

Southeast Asian ride-hailing giant Grab reported its first profitable quarter, with a $11 million profit in Q4, compared to a $391 million loss a year ago. The company projects revenue to reach $2.70-$2.75 billion in 2024. Grab shares closed 8.41% lower on Thursday.

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grab's revenue projection