GoTo Posts Rare Profit After Sale to TikTok, Big Cost Cuts [Yahoo! Finance]
Grab Holdings Limited (GRAB)
Company Research
Source: Yahoo! Finance
Most Read from Bloomberg NY Transit Agency Takes Next Step on Brooklyn-Queens Rail Link There Will Soon Be No Meatpackers Left in NYC's Historic Meatpacking District Inside NYC's Playbook for Getting Federal Grant Funds A South Korean City Plays Matchmaker to Tackle a Fertility Crisis A Courtyard Apartment Building Designed for Southwest Sprawl The company, which battles stiff competition from Singapore's Grab Holdings Ltd. in ride-hailing and food delivery, reported a 137 billion rupiah ($8.7 million) adjusted earnings before interest, taxes, depreciation and amortization for the three months through September. That compares with a pro-forma loss of 559 billion rupiah a year earlier. GoTo reiterated Wednesday it expects to break even on an adjusted Ebitda basis for the full year. Third-quarter net revenue, which strips out incentives to driver and merchant partners and promotions to users, more than doubled on a pro-forma basis to 3.9 trillion rupiah. The company has
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GRAB
News
- Grab Holdings Limited (NASDAQ: GRAB) was downgraded by analysts at China Renaissance from a "buy" rating to a "hold" rating. They now have a $5.40 price target on the stock.MarketBeat
- Grab Holdings Limited (NASDAQ: GRAB) had its price target raised by analysts at Barclays PLC from $4.70 to $5.50. They now have an "overweight" rating on the stock.MarketBeat
- Grab Holdings Limited (NASDAQ: GRAB) had its price target raised by analysts at Mizuho from $5.00 to $6.00. They now have an "outperform" rating on the stock.MarketBeat
- Grab Holdings Limited (NASDAQ: GRAB) had its price target raised by analysts at JPMorgan Chase & Co. from $5.00 to $5.70. They now have an "overweight" rating on the stock.MarketBeat
- Grab Holdings Limited (NASDAQ: GRAB) had its price target raised by analysts at Evercore ISI from $7.00 to $8.00. They now have an "outperform" rating on the stock.MarketBeat
GRAB
Earnings
- 11/11/24 - Beat
GRAB
Sec Filings
- 11/19/24 - Form 144
- 11/14/24 - Form 144
- 11/14/24 - Form 144
- GRAB's page on the SEC website