Grab Holdings reports Q3 EPS 1c, consensus 1c

Reports Q3 revenue $873M, consensus $933.25M. On-Demand GMV grew 24% year-over-year, or 20% on a constant currency basis to $5.8B. “This quarter marks another vital step forward in our journey, not just in financial performance, but in how we are building a more resilient, technology-driven platform for the long term. Grab‘s growth engine continues to gain momentum, with On-Demand GMV accelerating to 24% year-over-year, or 20% YoY on a constant currency basis1, while achieving our fifteenth consecutive quarter of Adjusted EBITDA growth,” said Anthony Tan, Group CEO and Co-Founder of Grab.”