Welcome to our dedicated page for Grab Holdings news (Ticker: $GRAB), a resource for investors and traders seeking the latest updates and insights on Grab Holdings stock.
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Grab Holdings (NASDAQ: GRAB) reported its Q1 2024 results, showing a 24% YoY revenue increase to $653M, and a 29% rise on a constant currency basis.
On-Demand GMV grew 18% YoY to $4.2B, with a 19% increase in On-Demand MTUs. Operating loss improved by $129M YoY to $75M, while Adjusted EBITDA reached a record high of $62M, up $129M YoY.
The company raised its 2024 Adjusted EBITDA guidance to $250-$270M. Cash liquidity stood at $5.3B, down from $6B last quarter, primarily due to debt repayment and share repurchases.
Adjusted Free Cash Flow improved by $115M YoY to negative $98M. The segment highlights include 19% YoY revenue growth in Deliveries, 27% in Mobility, and 53% in Financial Services.