Grab Holdings shares drop as annual revenue forecast misses Wall Street estimates

Grab Holdings projected lower annual revenue on Wednesday as inflation impacts spending. The firm also announced a $425 million deal to buy Stash Financial.

Insights:
Grab Holdings Limited announced on Wednesday that its fiscal 2026 revenue forecast came in below Wall Street expectations, alongside a fourth-quarter revenue miss. The company also disclosed a $425 million acquisition of Stash Financial, a digital financial services company based in the United States USUS.
A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore on March 21, 2019. REUTERS/Anshuman Daga
A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore on March 21, 2019. REUTERS/Anshuman Daga
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