Grab (GRAB) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
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.