Grab Reports Third Quarter 2024 Results
Grab Holdings Limited (GRAB)
Company Research
Source: GlobeNewswire
Revenue grew 17% year-over-year, or 20% on a constant currency basis to $716 millionOn-Demand GMV grew 15% year-over-year, or 18% on a constant currency basis to $4.7 billionProfit for the quarter was positive at $15 millionAdjusted EBITDA improved by $62 million year-over-year to an all-time high of $90 millionOperating Cash Flow of $338 million in the third quarter, and Adjusted Free Cash Flow of $76 million on a trailing 12-month basis SINGAPORE, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Grab Holdings Limited (NASDAQ: GRAB) today announced unaudited financial results for the third quarter ended September 30, 2024. “Third quarter 2024 was a strong quarter for us as investments we made across the business drove an acceleration of our On-Demand GMV growth. We are serving more users than ever before, with 42 million Monthly Transacting Users on our platform,” said Anthony Tan, Group Chief Executive Officer and Co-Founder of Grab. “We remain bullish on the long-term growth outlook
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News
- Top Cheap Stocks Under $10 to Buy for Big Gains in 2025 [Yahoo! Finance]Yahoo! Finance
- Grab's Big Quarter Has Some Analysts Seeing Further Stock Gains [Yahoo! Finance Canada]Yahoo! Finance Canada
- Is Grab (GRAB) Stock Outpacing Its Business Services Peers This Year? [Yahoo! Finance]Yahoo! Finance
- Is It Worth Investing in Grab (GRAB) Based on Wall Street's Bullish Views? [Yahoo! Finance]Yahoo! Finance
- Grab Holdings Limited (NASDAQ: GRAB) was downgraded by analysts at Hsbc Global Res from a "strong-buy" rating to a "hold" rating.MarketBeat
GRAB
Earnings
- 11/11/24 - Beat
GRAB
Sec Filings
- 12/11/24 - Form 144
- 12/9/24 - Form 144
- 11/27/24 - Form 144
- GRAB's page on the SEC website