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Stock impact report

Singapore's Grab bets on AI, new services to triple profit by 2028 [Yahoo! Finance Canada]

Uber Technologies, Inc. (UBER) 
Last uber technologies, inc. earnings: 2/6 04:05 pm Check Earnings Report
SINGAPORE, Feb 26 (Reuters) - Southeast Asia's top ride-hailing and delivery firm, Grab, is betting on artificial intelligence and expansion of new services such as online groceries and ?financial products to triple profit by 2028, the company's president told Reuters. Grab has set goals for the ?next three years of growing revenue by more than 20% each year and tripling EBITDA to $1.5 billion in 2028 from last year's level, President ?and Chief Operating Officer Alex Hungate said in an interview at the company's Singapore headquarters. Ride-hailing in Southeast Asia has shifted from subsidy-fuelled expansion to a profitability push, as companies contend with rising operating costs while looking to AI-optimised super-apps to monetise bundling rides with deliveries and financial services. Nasdaq-listed Grab earlier this month announced its first-ever full-year net profit with its ?2025 results, 14 years after it was ?founded and following billions of dollars in fundraising. Howe Show less Read more
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