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Grab’s $750 Million Buyback Overshadows Guidance Hike

Grab’s $750 Million Buyback Overshadows Guidance Hike

Grab Holdings Limited sent a stronger message on capital returns than on improved forecasts. The company introduced a new $750 million share buyback, equal to roughly 5.1% of its market capitalisation. In contrast, its revenue guidance midpoint advanced by 1.4%, while the midpoint for adjusted EBITDA climbed 2.8%.