Core Insights - Grab Holdings Limited reported a revenue of $873 million for the quarter ended September 2025, reflecting a year-over-year increase of 21.9% [1] - The earnings per share (EPS) was $0.01, unchanged from the same quarter last year, but fell short of the consensus estimate of $0.03, resulting in a surprise of -66.67% [1] - The reported revenue was below the Zacks Consensus Estimate of $882.02 million, with a surprise of -1.02% [1] Financial Performance Metrics - On-Demand Gross Merchandise Value (GMV) reached $5.77 billion, exceeding the average estimate of $5.66 billion [4] - GMV for Deliveries was $3.73 billion, slightly above the estimated $3.65 billion [4] - GMV for Mobility stood at $2.04 billion, also surpassing the estimate of $2.02 billion [4] - Revenue from Deliveries was $465 million, marginally below the average estimate of $468.32 million [4] - Revenue from Financial Services was $90 million, slightly above the estimate of $89.6 million [4] - Revenue from Other sources was $1 million, compared to the estimate of $1.02 million [4] - Revenue from Mobility was $317 million, below the average estimate of $323.09 million [4] - Adjusted EBITDA for Deliveries was $78 million, exceeding the estimate of $73.23 million [4] - Adjusted EBITDA for Financial Services was -$28 million, worse than the estimate of -$26.2 million [4] - Adjusted EBITDA for Mobility was $181 million, slightly above the estimate of $179.35 million [4] Stock Performance - Grab's shares have returned -5% over the past month, contrasting with the Zacks S&P 500 composite's +2.1% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Financial Data and Key Metrics Changes - Zebra Technologies reported Q3 2025 sales of $1.3 billion, a 5% increase year-on-year, with an adjusted EBITDA margin of 21.6%, reflecting a 20 basis point improvement, and non-GAAP diluted earnings per share of $3.88, which is 11% higher than the previous year [5][6][11] - Adjusted gross margin declined by 90 basis points to 48.2%, primarily due to higher U.S. import tariffs [9] Business Line Data and Key Metrics Changes - The Enterprise Visibility and Mobility segment grew by 2%, driven by mobile computing, while the Asset Intelligence and Tracking segment saw an 11% increase, led by RFID and printing [7] - RFID has been a consistent growth area, achieving double-digit growth over the past several years [12][15] Market Data and Key Metrics Changes - North America sales grew by 6%, with double-digit growth in mobile computing and RFID, although there was weakness in Canada [8] - Asia Pacific sales increased by 23%, led by Australia, New Zealand, and India, while Latin America saw an 8% increase [9] - EMEA sales declined by 3%, with mixed performance across the region [9] Company Strategy and Development Direction - Zebra Technologies is focused on digitizing and automating workflows, with a strong emphasis on AI and mobile computing solutions [12][19] - The recent acquisition of Elo Touch Solutions is expected to enhance capabilities in self-service and point of sale, increasing the addressable market [18] - The company plans to commit $500 million to share repurchases over the next 12 months to drive long-term shareholder value [6] Management's Comments on Operating Environment and Future Outlook - Management noted that customers are navigating an uncertain macro environment, leading to uneven demand across geographies and vertical markets [6][36] - The company anticipates sales growth of 8% to 11% in Q4, with adjusted EBITDA margin expected to be around 22% [11] - Management expressed confidence in sustainable long-term growth driven by trends such as labor constraints and advancements in AI [19] Other Important Information - Zebra Technologies has successfully mitigated the impact of tariffs, expecting a $24 million gross profit impact for the full year 2025, with improvements in Q4 [10] - The company is transitioning to report under two new segments: Connected Frontline and Asset Visibility and Automation [7] Q&A Session Summary Question: Demand trends and Q4 guidance - Management indicated that Q3 demand was strong, but Q4 guidance implies a deceleration in organic growth due to tough comparisons and timing of orders [24][25] Question: EVM segment growth - The EVM segment saw strong growth in mobile computing but faced challenges in data capture due to difficult comparisons [26] Question: 2026 outlook and demand characterization - Management noted cautious customer sentiment and uneven demand across verticals, but expressed confidence in long-term growth opportunities [35] Question: AI features and growth catalysts - AI features are expected to drive hardware upgrades and software opportunities, with first revenues anticipated in 2026 [41] Question: Large project funnel and customer conversations - Demand trajectory remains consistent, with customers maintaining capital spending but cautious about accelerating future projects [43] Question: Elo Touch Solutions contribution - Elo is expected to contribute approximately $100 million in Q4, aligning with previous guidance [52][68] Question: Pricing actions related to tariffs - Pricing actions have not significantly impacted demand, with an expected annual benefit of around $60 million from these actions [71] Question: OBBBA tax impact - The new tax bill is expected to reduce cash taxes by $50 million to $60 million this year, with a modest impact on the overall tax rate [72][74]

Core Viewpoint - Urban Co. is set to begin trading in Mumbai after completing India's most oversubscribed major IPO of the year, indicating strong investor interest and potential for a successful market debut [1][2]. Group 1: IPO Details - Urban Co.'s IPO raised $215 million, with bids exceeding 100 times the number of shares offered, making it the most sought-after new listing in India for 2025 among deals over $100 million [2]. - The IPO included both new and existing shares, attracting significant participation from institutional and retail investors [3]. Group 2: Market Potential and Growth - The estimated total addressable market for Urban's home services was $59 billion last year and is projected to nearly double by 2029, highlighting substantial growth potential [6]. - Urban Co. benefits from India's large middle-class population seeking on-demand services, with strong demand for its offerings fueled by the country's abundance of cheap labor [4][5]. Group 3: Industry Impact - The success of Urban's IPO is expected to positively influence other Indian startups, with several companies, including Lenskart Solutions Ltd. and Meesho Ltd., preparing to list their shares [3]. - Urban's growth is also supported by India's tax cuts on everyday items, aimed at bolstering the economy amid external pressures [5].

Core Insights - Uber has partnered with Best Buy to facilitate electronics deliveries through the Uber Eats platform, enhancing customer access to technology products [1][2] - The partnership allows Best Buy customers to order from 800 locations, reflecting a growing consumer demand for quick and reliable delivery services [2] - To promote the collaboration, Uber Eats is offering a $20 discount on orders over $60, while Uber One members benefit from $0 delivery fees on eligible orders [3] Company Performance - Best Buy reported a 1.6% increase in sales, marking its highest growth rate in three years, driven by demand in various categories including computing and gaming [4] - Despite the sales growth, Best Buy's management has decided to maintain its annual revenue guidance of $41.1 billion to $41.9 billion due to uncertainties surrounding potential tariff impacts [5][6] - The company had previously adjusted its revenue forecast from $41.4 billion to $42.2 billion, indicating a cautious approach in light of market conditions [6] Industry Dynamics - The partnership with Best Buy follows Uber's recent collaboration with Dollar Tree, indicating a strategic expansion into retail, particularly in suburban and rural areas [4] - The competitive landscape between Uber and Lyft is evolving, with Uber focusing on integrating ride-hailing and on-demand delivery, while Lyft explores new territories and partnerships [7]

Company Overview - Trinity Capital Inc. has committed $35 million in growth capital to INSHUR, a leader in innovative insurance solutions for the on-demand economy [1] - INSHUR has sold over 1 million policies in the U.K., indicating strong market penetration in one of its core markets [2] - INSHUR provides commercial insurance for on-demand mobility drivers, fleet operators, and delivery platforms, offering a personalized suite of tech-enabled insurance products [2][8] Growth and Expansion - INSHUR has experienced a consistent growth rate of over 50% CAGR since 2023, showcasing rapid international growth and a clear path to profitability [4] - The capital raised will support INSHUR's expansion in the U.S., research into AI technologies for underwriting and real-time pricing, and development of solutions for the autonomous vehicle market [3][4] - INSHUR aims to leverage its deep insurance and technology expertise to further develop its service offerings in innovative areas [4] Strategic Partnerships - INSHUR is recognized as an Uber preferred driver insurance provider in certain European and North American markets, enhancing its credibility and market reach [9] - The company is continuously adding to its list of platform partners, which value INSHUR for its seamless integration capabilities and customer relationship management [9]