Profile
Sector:
TechnologyIndustry:
Software ApplicationCountry:
SingaporeIPO:
01 December 2020Website:
http://www.grab.comNext earnings report:
21 February 2025Last dividends:
N/ANext dividends:
N/APrice
pre-market | 9 min agoDividend
Analysts recommendations
Institutional Ownership
GRAB Latest News
Grab Holdings Ltd. NASDAQ: GRAB operates an all-in-one mobile super app in Southeast Asia that enables consumers to access rideshare/ride-hailing, food/grocery/package delivery, hotel booking, and financial services.
Grab recently posted a double-beat on Q3 earnings, sending shares 11% higher. Grab is now FCF positive on a trailing twelve month basis — the company also reported its second quarter of positive net income. Its transition from a cash-burning business to a profitable cash flow machine will be a key driver of share price appreciation.
Users active in both GrabFood and GrabMart show 5x order frequency, driving delivery revenue up 13% YoY in Q3 2024. With just 5% of the regional population using Grab monthly, there's substantial room for market penetration and user base expansion. I anticipate Grab to hit positive operating income within 2-4 quarters, marking a shift in investor sentiment.
Grab Holdings Ltd (NASDAQ: GRAB) reported a strong third quarter this morning as investments it's been making across the business helped accelerate its on-demand gross merchandise value. The multinational also increased the number of monthly transacting users on its platform to 42 million in Q3.
Grab Holdings delivers strong earnings, beating top and bottom lines, with a positive outlook, leading to a 10% stock jump after-hours. Grab's diverse services and expanding user base in Southeast Asia, along with growth in high-margin areas, indicate promising momentum into 2025. Despite strong fundamentals, Grab's valuation at over 100x forward free cash flow raises caution, requiring significant performance to justify the high price.
SINGAPORE, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Grab Holdings Limited (NASDAQ: GRAB) today announced unaudited financial results for the third quarter ended September 30, 2024.
Growth is slowing. Low-margins limit long-term profitability. The digital banking venture will face scaling challenges.
Grab Holdings Limited (GRAB) closed at $4.09 in the latest trading session, marking a +0.49% move from the prior day.
In the closing of the recent trading day, Grab Holdings Limited (GRAB) stood at $4.17, denoting no change from the preceding trading day.
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What type of business is Grab Holdings Limited?
Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings. Grab Holdings Limited was founded in 2012 and is headquartered in Singapore.
What sector is Grab Holdings Limited in?
Grab Holdings Limited is in the Technology sector
What industry is Grab Holdings Limited in?
Grab Holdings Limited is in the Software Application industry
What country is Grab Holdings Limited from?
Grab Holdings Limited is headquartered in Singapore
When did Grab Holdings Limited go public?
Grab Holdings Limited initial public offering (IPO) was on 01 December 2020
What is Grab Holdings Limited website?
https://www.grab.com/sg
Is Grab Holdings Limited in the S&P 500?
No, Grab Holdings Limited is not included in the S&P 500 index
Is Grab Holdings Limited in the NASDAQ 100?
No, Grab Holdings Limited is not included in the NASDAQ 100 index
Is Grab Holdings Limited in the Dow Jones?
No, Grab Holdings Limited is not included in the Dow Jones index
When was Grab Holdings Limited the previous earnings report?
No data
When does Grab Holdings Limited earnings report?
The next expected earnings date for Grab Holdings Limited is 21 February 2025