Grab Targets $1.5 Billion Profit by 2028 via AI Expansion
Grab aims to triple its profit by 2028 through AI and new services. The firm targets $1.5 billion in EBITDA while growing annual revenue by over 20 percent.
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Grab Holdings Limited, the premier ride-hailing and delivery platform in Southeast Asia, is targeting a tripling of its profits by 2028 through the integration of artificial intelligence and the expansion of its grocery and financial service segments. During an interview at the company's headquarters in Singapore, President and Chief Operating Officer Alex Hungate outlined a three-year strategy aimed at sustaining annual revenue growth of more than 20% while increasing EBITDA to $1.5 billion.
