On November 12, 2024, Grab Holdings Limited reported its financial results for the third quarter ending September 30, 2024. The company announced a 17% year-over-year revenue increase to $716 million, or 20% on a constant currency basis. On-Demand Gross Merchandise Value (GMV) grew by 15% year-over-year to $4.7 billion. The quarter saw a profit of $15 million and an Adjusted EBITDA of $90 million, marking an improvement of $62 million from the previous year and the highest quarterly Adjusted Free Cash Flow to date. Operating Cash Flow was reported at $338 million for the quarter. The company also highlighted its eleventh consecutive quarter of Adjusted EBITDA improvement and raised its full-year 2024 revenue and Adjusted EBITDA outlook. Additionally, Grab Holdings Limited announced the date for its 2024 annual general...Show More

On November 12, 2024, Grab Holdings Limited reported its financial results for the third quarter ending September 30, 2024. The company announced a 17% year-over-year revenue increase to $716 million, or 20% on a constant currency basis. On-Demand Gross Merchandise Value (GMV) grew by 15% year-over-year to $4.7 billion. The quarter saw a profit of $15 million and an Adjusted EBITDA of $90 million, marking an improvement of $62 million from the previous year and the highest quarterly Adjusted Free Cash Flow to date. Operating Cash Flow was reported at $338 million for the quarter. The company also highlighted its eleventh consecutive quarter of Adjusted EBITDA improvement and raised its full-year 2024 revenue and Adjusted EBITDA outlook. Additionally, Grab Holdings Limited announced the date for its 2024 annual general meeting of shareholders, scheduled for December 6, 2024. The company's CEO, Anthony Tan, expressed optimism about the long-term growth outlook in Southeast Asia and the company's efforts to meet strong user demand. CFO Peter Oey noted the company's strong momentum and expectations for continued GMV growth. The report also detailed segment performance, with Deliveries revenue up 13% year-over-year and Mobility revenues growing by 17%. Financial Services revenue increased by 34%, driven by lending and digital banking. The company's cash liquidity stood at $6.1 billion at the end of the quarter.