Grab Stock Surges 15% As Q4 Earnings Approach
Grab shares surged 15.3% in premarket trading Tuesday as Q4 earnings approached.
The Southeast Asian ride-hailing and food delivery company plans to announce its unaudited fourth quarter and full year 2024 results after the U.S. market closes on February 19, 2025.
Analysts estimate Grab to post revenue of USD760.92M for 2024Q4, up 16.53% YOY; EPS is estimated to be USD-<0.01, swings to loss YoY.
Previously, Grab is in advanced talks to merge with its smaller Indonesian rival GoTo as the firms seek to stem years of losses, Reuters reported.
A new round of merger talks, which were last held in 2024, resumed in December, with investors eager to reach a deal in 2025. An agreement may not happen, said the sources, with negotiations in previous years all falling through. The people declined to be identified as the talks are private.
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