Users active in both GrabFood and GrabMart show 5x order frequency, driving delivery revenue up 13% YoY in Q3 2024. With just 5% of the regional population using Grab monthly, there's substantial room for market penetration and user base expansion. I anticipate Grab to hit positive operating income within 2-4 quarters, marking a shift in investor sentiment.
Grab Holdings Ltd (NASDAQ: GRAB) reported a strong third quarter this morning as investments it's been making across the business helped accelerate its on-demand gross merchandise value. The multinational also increased the number of monthly transacting users on its platform to 42 million in Q3.
Grab Holdings delivers strong earnings, beating top and bottom lines, with a positive outlook, leading to a 10% stock jump after-hours. Grab's diverse services and expanding user base in Southeast Asia, along with growth in high-margin areas, indicate promising momentum into 2025. Despite strong fundamentals, Grab's valuation at over 100x forward free cash flow raises caution, requiring signifi...
Grab Holdings Limited (NASDAQ:GRAB ) Q3 2024 Earnings Conference Call November 11, 2024 7:00 PM ET Company Participants Douglas Eu - Director of Investor Relations and Strategic Finance Anthony Tan - Chief Executive Officer Alex Hungate - Chief Operating Officer Peter Oey - Chief Financial Officer Conference Call Participants Pang Vittayaamnuaykoon - Goldman Sachs Group, Inc. Mark Mahaney - Eve...
SINGAPORE, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Grab Holdings Limited (NASDAQ: GRAB) today announced unaudited financial results for the third quarter ended September 30, 2024.
NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Grab Holdings Limited (NASDAQ: GRAB, the “Company” or “Grab”), plans to announce its unaudited third quarter 2024 results after the U.S. market closes on November 11, 2024.
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