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.
Grab Holdings Limited (GRAB) operates Southeast Asia's leading super app, integrating ride-sharing, food delivery, and digital financial services. This news hub provides investors and professionals with essential updates on corporate developments, strategic partnerships, and market performance.
Access official press releases alongside curated analysis of GRAB's mobility innovations, payment ecosystem expansions, and enterprise solutions. Our coverage spans quarterly earnings disclosures, regulatory filings, leadership changes, and technology deployments across eight countries.
Key updates include service launches in new markets, driver-partner initiatives, merchant network growth, and financial services adoption metrics. Bookmark this page for real-time tracking of GRAB's evolving position in the competitive super app landscape.
Grab has selected AWS as its preferred cloud provider to drive technology innovation and growth across Southeast Asia. The superapp serves 41.9 million monthly transacting users and over 13 million driver and delivery partners, processing hundreds of transactions per second. AWS powers Grab's critical operations across eight countries, enabling rapid service launches and efficient scaling.
The partnership focuses on optimizing operating costs through AWS's cloud-based solutions, including AWS Clean Rooms and Graviton2 processors. Grab utilizes AWS for secure scaling, managing on-demand transactions which increased 22% in Q3 2024. The company leverages AWS's infrastructure for AI initiatives, processing over 200 TB of data daily and deploying over 1,000 AI models for services like route guidance, pricing, and fraud detection.
Grab Holdings reported strong Q3 2024 results with revenue growing 17% year-over-year to $716 million. On-Demand GMV increased 15% to $4.7 billion, while Monthly Transacting Users reached 42 million. The company achieved a profit of $15 million and record Adjusted EBITDA of $90 million, marking its eleventh consecutive quarter of improvement. Operating Cash Flow was $338 million, with Adjusted Free Cash Flow of $76 million on a trailing 12-month basis. Based on strong performance, Grab raised its full-year 2024 revenue guidance to $2.76-2.78 billion and Adjusted EBITDA outlook to $308-313 million.
Grab Holdings (NASDAQ: GRAB) has announced that it will release its unaudited third quarter 2024 financial results after the U.S. market closes on November 11, 2024. The company will host a conference call to discuss the results at 7:00 PM U.S. Eastern Time on November 11, 2024 (8:00 AM Singapore Time on November 12, 2024).
Investors can access the call details through Grab's investor relations website at investors.grab.com. Following the call, a replay will be available on the same website, along with the earnings press release and presentation slides.
Grab Holdings (NASDAQ: GRAB) has announced that it will release its unaudited third quarter 2024 financial results after the U.S. market closes on November 12, 2024. The company will host a conference call to discuss the results on November 11, 2024, at 7:00 PM U.S. Eastern Time (November 12, 2024, at 8:00 AM Singapore Time).
Investors and interested parties can access the conference call link on Grab's investor relations website at investors.grab.com before the call. Following the call, a replay will be available on the same website, along with the earnings press release and presentation slides.
Grab Holdings (NASDAQ: GRAB) reported strong Q2 2024 results, with revenue growing 17% YoY to $664 million. Key highlights include:
- On-Demand GMV up 13% YoY to $4.4 billion
- Operating Loss improved by $121 million YoY to $(56) million
- Adjusted EBITDA improved to $64 million
- Monthly Transacting Users (MTUs) reached a record 41 million
The company saw growth across all segments, with Deliveries and Mobility performing strongly. Financial Services revenue grew 54% YoY. Grab achieved its second quarter of positive Adjusted Free Cash Flow and expects to maintain this for the full year 2024. The company maintains its FY 2024 revenue guidance of $2.70-$2.75 billion.
Grab Holdings (NASDAQ: GRAB) has announced that it will release its unaudited second quarter 2024 financial results on August 15, 2024, before the U.S. market opens. The company will host a conference call to discuss the results at 8:00 AM U.S. Eastern Time (8:00 PM Singapore Time) on the same day.
Investors and analysts can access the call details through Grab's investor relations website at investors.grab.com. After the call, a replay will be available on the same website, along with the earnings press release and presentation slides.
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.
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