Grab Holdings Stock News

Grab's superapp dominates Southeast Asia's mobility and delivery markets, leveraging extensive consumer data to drive growth in digital financial services. Q3 earnings exceeded expectations with $716 million in revenue, $62 million YoY EBITDA improvement, and $76 million TTM adjusted free cash flow. Despite profitability concerns, Grab's strategic investments and data-driven approach position i...

LAS VEGAS--(BUSINESS WIRE)--At AWS re:Invent, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), and Grab, Southeast Asia's leading superapp (NASDAQ: GRAB), announced that Grab has selected AWS as its preferred cloud provider. With AWS, Grab is pursuing a technology-led strategy to accelerate growth across its mobility, deliveries, and financial services verticals, inc...

Grab Holdings Ltd. NASDAQ: GRAB operates an all-in-one mobile super app in Southeast Asia that enables consumers to access rideshare/ride-hailing, food/grocery/package delivery, hotel booking, and financial services.

Grab recently posted a double-beat on Q3 earnings, sending shares 11% higher. Grab is now FCF positive on a trailing twelve month basis — the company also reported its second quarter of positive net income. Its transition from a cash-burning business to a profitable cash flow machine will be a key driver of share price appreciation.

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...