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An update from Grab ( (GRAB) ) is now available.
In its latest financial disclosure, Grab Holdings Limited reported a 17% year-over-year increase in revenue for the fourth quarter of 2024, amounting to $764 million, driven by growth across all business segments. The company achieved an all-time high adjusted EBITDA of $97 million, up by $61 million from the previous year, alongside improved operating cash flow and free cash flow, signaling a strengthened financial position. The full year results showed a 19% revenue growth, with a notable reduction in operating loss by 68%, highlighting the company’s operational improvements and cost optimization efforts. The announcement underscores Grab’s robust performance and strategic focus on enhancing profitability and liquidity, which are critical for its continued expansion and stakeholder confidence.
More about Grab
Grab Holdings Limited operates in the technology and transportation sector, providing ride-hailing, food delivery, and digital payment solutions primarily in Southeast Asia. The company focuses on leveraging its platform to enhance urban mobility and improve consumer convenience across its extensive market presence in the region.
YTD Price Performance: 12.66%
Average Trading Volume: 32,805,952
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $20.99B
Learn more about GRAB stock on TipRanks’ Stock Analysis page.
