As it narrowed its full-year sales forecast while keeping the upper limit unchanged at $3.4 billion, Grab Holdings raised its profit expectations for the year after beating quarterly profit forecasts, supported by new offerings such as ride-hailing and delivery services that attracted consumers during the economic slowdown. The Singapore-based company now expects to achieve a full-year adjusted profit before interest, taxes, depreciation, and amortization (EBITDA) of between $490 million and $500 million, up from the previous forecast of $480 million. New products, such as group food orders, are also helping the company.
