Grab Holdings announced its first-ever quarterly profit and unveiled a maiden share repurchase plan, following recent cost cuts and higher demand for its ride-share services. Despite this financial milestone, the company's shares slid in the US after projecting disappointing sales for 2024, with $GRAB down 5% today. The share buyback program, valued at up to $500 million, also includes the repayment of the outstanding balance of its Term Loan B. This move comes as Grab focuses on organic growth and the integration of AI tools in its path to profitability. Meanwhile, Booking Holdings reported a beat on Q4 profit estimates, driven by a recovery in Asia demand. However, its shares fell after forecasting slower growth in bookings due to normalizing US travel demand, marking the most significant drop in 20 months.