Grab Reports First Quarter 2024 Results
Grab Holdings Limited (GRAB)
Company Research
Source: GlobeNewswire
Revenue grew 24% year-over-year, or 29% on a constant currency basis to $653 millionOn-Demand GMV grew 18% year-over-year, or 21% on a constant currency basis to $4.2 billionOperating Loss improved by $129 million year-over-year to $(75) millionAdjusted EBITDA improved by $129 million year-over-year to an all-time high of $62 million2024 Adjusted EBITDA guidance raised to $250 – $270 million from $180 – $200 million previously SINGAPORE, May 16, 2024 (GLOBE NEWSWIRE) -- Grab Holdings Limited (NASDAQ: GRAB) today announced unaudited financial results for the first quarter ended March 31, 2024. “Our focus on product-led growth is bearing fruit, with On-Demand GMV scaling to new highs in spite of the seasonal impact we usually see in the first quarter of the year. Our push on affordability and reliability is pulling more people onto our platform and driving up order frequency. We also continue to see our partner earnings trending up,” said Anthony Tan, Group Chief Executive Offic
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GRAB
Earnings
- 5/15/24 - Miss
GRAB
Sec Filings
- 6/4/24 - Form 144
- 5/23/24 - Form 144
- 5/20/24 - Form 144
- GRAB's page on the SEC website