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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GRAB
News
- 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 Holdings Limited (NASDAQ: GRAB) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $6.00 price target on the stock.MarketBeat
GRAB
Earnings
- 11/11/24 - Beat
GRAB
Sec Filings
- 11/14/24 - Form 144
- 11/14/24 - Form 144
- 11/14/24 - Form 144
- GRAB's page on the SEC website