Grab Holdings (GRAB) Reports In-Line Q2 EPS, Offers Guidance

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Go back to Grab Holdings (GRAB) Reports In-Line Q2 EPS, Offers Guidance

Grab Reports Second Quarter 2024 Results

August 15, 2024 7:00 AM EDT

   Revenue grew 17% year-over-year, or 23% on a constant currency basis to $664 million
   On-Demand GMV grew 13% year-over-year, or 18% on a constant currency basis to $4.4 billion
   Operating Loss improved by $121 million year-over-year to $(56) million
   Adjusted EBITDA improved by $81 million year-over-year to $64 million

SINGAPORE, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Grab Holdings Limited (NASDAQ: GRAB) today announced unaudited financial results for the second quarter ended June 30, 2024.

"We continued to harness the strength of the Grab ecosystem, and improved the usage frequency and... More