The earnings call showcased strong financial performance with record adjusted EBITDA, growth in monthly transacting users, and significant progress in financial services. However, increased competitive spend in Indonesia and rising incentive costs were noted as challenges. Overall, the positive aspects outweigh the concerns, indicating robust growth and strategic positioning.

Company Guidance

During Grab's Third Quarter 2024 earnings call, the company provided a positive outlook on its financial performance, highlighting several key metrics. Group adjusted EBITDA reached a record high of $90 million, more than tripling year-on-year, marking the 11th consecutive quarter of improvement. Monthly transacting users grew by 16% year-on-year, reaching 42 million, indicating robust future platform growth. The delivery business exhibited a 16% year-on-year growth in GMV, while the mobility segment saw a 30% increase in high-value rides. Grab's advertising revenue also rose, contributing to a 1.8% segment margin in deliveries. The company maintained its guidance of $308 million to $313 million in adjusted EBITDA for the full year, emphasizing its commitment to profitable growth and sustainable free cash flow generation. Additionally, Grab reported significant progress in its financial services, with loan disbursals up 38% year-on-year, and the company highlighted its strategic use of AI to enhance operational efficiency and customer engagement.

Record Adjusted EBITDA

Group adjusted EBITDA more than tripled year-on-year to reach a record high of $90 million, marking the 11th consecutive quarter of adjusted EBITDA improvement.

Monthly Transacting Users Growth

Monthly transacting users grew 16% year-on-year to 42 million, recording the sixth consecutive quarter of growth.

Mobility GMV Growth

Mobility segment achieved a 30% year-on-year GMV growth, driven by high-value mobility rides and new services like advanced booking.

Strong Growth in Financial Services

Loan disbursals grew 38% year-on-year and 13% quarter-on-quarter, with non-performing loan ratio at around 2%. Deposits from GXS Bank and GXBank grew 50% quarter-on-quarter.

Advertising Revenue Increase

Advertising revenue increased to $185 million, with percentage of deliveries GMV rising from 1.1% to 1.6% year-on-year.

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Grab (DE:A6I) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:A6I Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 15, 2025	2025 (Q1)	>-0.01 / -	-0.029	―	―	―
Feb 19, 2025	2024 (Q4)	<0.01 / <0.01	0.01	0.00% (0.00)
Nov 11, 2024	2024 (Q3)	>-0.01 / <0.01	-0.019	150.00% (+0.03)
Aug 15, 2024	2024 (Q2)	>-0.01 / >-0.01	-0.029	66.67% (+0.02)
May 15, 2024	2024 (Q1)	>-0.01 / -0.03	-0.057	50.00% (+0.03)
Feb 22, 2024	2023 (Q4)	-0.02 / <0.01	-0.096	110.00% (+0.11)
Nov 09, 2023	2023 (Q3)	-0.01 / -0.02	-0.077	75.00% (+0.06)
Aug 23, 2023	2023 (Q2)	-0.04 / -0.03	-0.144	80.00% (+0.11)
May 18, 2023	2023 (Q1)	-0.05 / -0.06	-0.105	45.45% (+0.05)
Feb 23, 2023	2022 (Q4)	-0.06 / -0.10	-0.256	62.55% (+0.16)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DE:A6I Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 19, 2025	€4.94	€4.79	-3.12%
Nov 11, 2024	€4.15	€4.63	+11.64%
Aug 15, 2024	€3.03	€2.87	-5.38%
May 15, 2024	€3.28	€3.28	-0.21%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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