Grab (GRAB) has released an update.
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Grab’s third-quarter 2024 financial results reveal a robust 17% year-over-year revenue growth, reaching $716 million, fueled by increases across all segments. The company achieved a profit of $15 million, a significant turnaround from last year’s loss, and reported an all-time high Adjusted EBITDA of $90 million. Additionally, Grab’s cash liquidity rose to $6.1 billion, bolstered by customer deposits in its banking business and share repurchase activities.
For further insights into GRAB stock, check out TipRanks’ Stock Analysis page.
