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Grab Targets Profit Growth

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Grab plans to use artificial intelligence and expanded digital services to significantly increase profitability by 2028.

The company aims to grow revenue steadily while boosting operational efficiency through its integrated platform. New offerings such as grocery delivery and financial products are expected to support this strategy.

Leadership highlighted the role of AI in optimizing logistics, improving customer engagement, and enhancing service delivery. The company is also exploring automated tools to support drivers and merchants.

Grab has shifted from expansion-focused growth to prioritizing sustainable earnings as competition and operating costs evolve across the region.

The approach reflects broader trends among digital platforms seeking to diversify services and deepen user engagement through data-driven innovation.

Uber forecasts profit below estimates on cheaper rides and higher taxes

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Uber Technologies forecast first-quarter profit below Wall Street expectations, citing higher taxes and a strategic push toward cheaper ride options designed to boost bookings. The outlook sent Uber shares sharply lower in premarket trading, as investors reacted to weaker earnings guidance despite strong demand.

Uber said it expects an adjusted effective tax rate of 22% to 25% this year, reflecting its operations across more than 70 countries. At the same time, the company has expanded lower-cost mobility products such as shared rides, which helped trips rise 22% in the fourth quarter but weighed on near-term margins.

The company projected first-quarter adjusted earnings per share of 65 to 72 cents, below analyst expectations, while gross bookings are forecast to exceed estimates. Uber said it is deliberately moderating margin expansion after proving its ability to generate profits, prioritising affordability to drive growth.

Uber also announced a chief financial officer transition and highlighted accounting changes in the UK that will reduce reported margins without affecting underlying profitability. Management said improving pricing conditions and lower insurance costs should support growth later in the year.

Grab to Invest $60 Million in Remote Driving Startup Vay as It Eyes Autonomous Future

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Grab Holdings announced on Monday that it will invest $60 million in Vay Technology, a remote driving startup, as part of its strategy to expand into autonomous vehicle services. The news sent Grab’s shares up more than 6% in premarket trading.

The Singapore-based company said the investment aligns with its long-term vision to blend traditional ride-hailing with emerging autonomous and remote driving technologies.

“The future of mobility in Southeast Asia will be a hybrid model that relies on the expertise of our driver-partners alongside autonomous vehicles and remote driving services,” said Grab CEO Anthony Tan.

Under the terms of the deal, Grab could invest up to $350 million more within the first year if Vay meets certain milestones — including growth in consumer revenue, expansion across U.S. cities, advancements in technology and safety standards, and additional regulatory approvals.

Vay Technology, founded in Germany and headquartered in the U.S., operates a unique “teledriving” model, where human operators remotely steer vehicles to customers, who then drive the cars themselves. The firm launched its first commercial service in Las Vegas in January 2024, marking a major step toward scalable remote mobility solutions.

Grab’s move underscores the growing race among ride-hailing giants like Uber and Lyft to integrate autonomous and semi-autonomous technologies into their fleets — a shift that could redefine the global mobility industry over the next decade.