Grab Holdings Limited (GRAB) Stock

Grab Holdings Limited (GRAB) finished the last trading day at $4.81, which is an increase of 1.48% compared to the day before.

Grab's superapp leads the mobility and delivery sectors in Southeast Asia by using a lot of consumer data to boost its digital financial services. In the third quarter, the company reported impressive earnings of $716 million in revenue, a $62 million year-over-year improvement in EBITDA, and $76 million in adjusted free cash flow over the past twelve months. Although there are worries about profitability, Grab's smart investments and focus on data put it in a good position for long-term growth, particularly in the underserved Southeast Asian market.

This is a comparison of how Grab Holdings Limited (GRAB) and Willdan Group (WLDN) have done in relation to their industry this year.

Grab Holdings Ltd. (NASDAQ: GRAB) runs a comprehensive mobile app in Southeast Asia that allows users to book rides, order food and groceries, arrange hotel stays, and access financial services.

Grab recently announced better-than-expected Q3 earnings, causing its shares to rise by 11%. The company is now generating positive free cash flow over the past year and has reported its second consecutive quarter of net income. This shift from losing money to becoming profitable is likely to boost its share price significantly.

Users who regularly use both GrabFood and GrabMart place orders five times more often, leading to a 13% increase in delivery revenue compared to the previous year in Q3 2024. Since only 5% of the regional population uses Grab each month, there is a significant opportunity for growth in the market and user numbers. I expect Grab to achieve positive operating income in the next 2 to 4 quarters, which could change how investors feel about the company.

Grab Holdings Ltd (NASDAQ: GRAB) announced a solid performance for the third quarter today, as its business investments boosted its on-demand gross merchandise value. The company also raised the number of monthly active users on its platform to 42 million in Q3.

Grab Holdings reported impressive earnings, surpassing expectations, which resulted in a 10% increase in their stock price after hours. The company's wide range of services and growing user base in Southeast Asia, along with growth in profitable sectors, suggest a bright future heading into 2025. However, with a valuation exceeding 100 times its expected free cash flow, there are concerns that Grab needs to deliver strong results to support its high stock price.

SINGAPORE, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Grab Holdings Limited (NASDAQ: GRAB) has released its unaudited financial results for the third quarter that ended on September 30, 2024.