Grab (GRAB) has released an update.
Grab Holdings Limited has reported a robust financial performance for Q2 2024, with a 17% increase in revenue to $664 million and a significant improvement in operating loss, down to $(56) million from $(176) million the previous year. The company’s Adjusted EBITDA also rose to $64 million, marking a turnaround from the negative figure reported in 2023. This financial growth is attributed to increased demand across all segments, leading to a higher Gross Merchandise Volume (GMV) and more efficient operations.
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