Grab ( (GRAB) ) has released its Q4 earnings. Here is a breakdown of the information Grab presented to its investors.
Grab Holdings Limited, a leading superapp in Southeast Asia, operates within the deliveries, mobility, and digital financial services sectors, offering a wide range of services through a single app across eight countries in the region.
In its fourth quarter and full year 2024 earnings report, Grab announced a 17% year-over-year revenue growth for Q4, reaching $764 million, with notable profitability achievements and substantial growth in its On-Demand GMV. The company’s Group Adjusted EBITDA hit a record $97 million for the quarter.
Grab’s Q4 financial performance was marked by a 20% increase in On-Demand GMV to $5 billion and a stable profit of $11 million. The company reported significant improvements in its Group Adjusted EBITDA, which increased by $61 million year-over-year. For the full year, revenue grew by 19% to $2.797 billion, supported by growth in the Financial Services and Advertising segments. The company also managed a substantial reduction in annual losses, down 67% to $158 million.
Looking ahead, Grab’s management remains optimistic, projecting steady growth and profitability in 2025, with expected revenue between $3.33 billion and $3.40 billion. The company is focusing on organic expansion and strategic investments to sustain its growth momentum and enhance shareholder value.
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