Grab (GRAB) has released an update.
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Grab Holdings Limited reported a robust third quarter in 2024, with a 17% year-over-year revenue increase to $716 million, driven by significant growth in its On-Demand segment. The company achieved a positive profit of $15 million and a record high Adjusted EBITDA of $90 million, showcasing enhanced operational efficiencies and an increase in Monthly Transacting Users to 42 million. Grab’s financial resilience is further highlighted by improved cash flows and a strong liquidity position, signaling confidence in its ongoing expansion in Southeast Asia.
For further insights into GRAB stock, check out TipRanks’ Stock Analysis page.
