Financial Data and Key Metrics Changes - Group revenues in Q2 2024 grew 17% year-on-year or 23% on a constant currency basis, reaching an all-time high of $664 million [12] - On-demand GMV increased by 13% year-on-year or 18% on a constant currency basis to $4.4 billion [12] - Adjusted EBITDA for the quarter was $64 million, an improvement of $81 million from the same period last year [13] - Adjusted free cash flow was $36 million in Q2, representing an improvement of $56 million year-on-year [14] Business Line Data and Key Metrics Changes - Mobility revenue increased by 19% year-on-year or 23% on a constant currency basis, driven by strong growth in mobility MTUs and transactions [12] - Deliveries revenue grew 11% year-on-year or 17% on a constant currency basis, with Deliveriz GMV growing 14% on a concurrency basis [5][12] - Financial services revenue surged 54% year-on-year or 61% on a constant currency basis, primarily from lending across GrabFin and GXS Bank [12] Market Data and Key Metrics Changes - Deposits in GXS Bank in Singapore and GX Bank in Malaysia grew over 50% quarter-on-quarter to $730 million [3] - Total loan dispersals across GrabFin and DG Banks reached an annualized run rate of $2 billion in Q2 [3] - Monthly active driver supply increased by 13% year-on-year and 5% quarter-on-quarter, with retention rates remaining healthy at 90% [9] Company Strategy and Development Direction - The company is focused on leveraging its platform scale to drive profitable growth, with a commitment to product and tech-led strategies [2] - A three-pronged approach will be adopted to scale the ecosystem, emphasizing affordability, AI-led growth, and cost discipline [4] - The company aims to achieve long-term segment adjusted EBITDA margin guidance of 9% plus for mobility and 4% plus for deliveries [13][24] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the macro outlook for Southeast Asia, with expectations of strong demand and tourism recovery [18] - The company anticipates sequential growth in on-demand GMV and group-adjusted EBITDA for the second half of 2024 [15] - Management remains committed to achieving positive adjusted free cash flow for the full year of 2024 [15] Other Important Information - The company activated a Calamity Assistance Program to support partners affected by Typhoon Gemi [5] - The latest ESG report was published, highlighting the company's commitment to community welfare and environmental health [4] Q&A Session Summary Question: Impact of FX weakness on GMV and revenue growth - Management acknowledged that FX weakness affected headline growth but noted that the U.S. dollar has weakened recently, turning headwinds into tailwinds for Q3 [17] Question: Explanation for dip in mobility EBITDA margin - Management explained that the dip was expected due to strategic investments in affordability and reliability, with a long-term view of improving margins [19] Question: Potential disruptions from short video platforms - Management expressed confidence that Grab's in-app experience and scale advantages would mitigate potential disruptions from social media partnerships [20] Question: Update on premium offerings and TransCap acquisition - Management highlighted the growth potential of premium offerings and confirmed ongoing efforts to enhance supply in Singapore despite the TransCap acquisition not being cleared [22][24]

Grab Q3 2024 Earnings Call November 2024 Disclaimer 2 Non-IFRS Financial Measures This document and the investor webcast contain references to non-IFRS financial measures, including Adjusted EBITDA, Segment Adjusted EBITDA, Segment Adjusted EBITDA margin, Total Segment Adjusted EBITDA, Adjusted EBITDA margin and Adjusted Free Cash Flow. Grab uses Adjusted EBITDA, Segment Adjusted EBITDA, Segment Adjusted EBITDA margin, Total Segment Adjusted EBITDA, and Adjusted EBITDA margin for financial and operational d ...

Revenue grew 17% year-over-year, or 20% on a constant currency basis to $716 millionOn-Demand GMV grew 15% year-over-year, or 18% on a constant currency basis to $4.7 billionProfit for the quarter was positive at $15 millionAdjusted EBITDA improved by $62 million year-over-year to an all-time high of $90 millionOperating Cash Flow of $338 million in the third quarter, and Adjusted Free Cash Flow of $76 million on a trailing 12-month basis SINGAPORE, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Grab Holdings Limited ( ...

Grab Holdings (NASDAQ: GRAB ) is a familiar company. Myself, I am a regular user of the superapp (excepting financial offerings) but I am not convinced about the stock. This is an attempt to inject a bit of moderation into the sea of positive management-aligned analysisAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opin ...

In the latest market close, Grab Holdings Limited (GRAB) reached $4.09, with a +0.49% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.28%. On the other hand, the Dow registered a loss of 0.61%, and the technology-centric Nasdaq decreased by 0.33%. Coming into today, shares of the company had gained 10.6% in the past month. In that same time, the Business Services sector gained 1.14%, while the S&P 500 gained 0.41%. Investors will be eagerly watching ...

NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Grab Holdings Limited (NASDAQ: GRAB, the “Company”  or “Grab”), plans to announce its unaudited third quarter 2024 results after the U.S. market closes on November 11, 2024.   The Company’s management will hold a conference call to discuss the third quarter 2024 results at: Date and time:7:00 PM U.S Eastern Time on November 11, 20248:00 AM Singapore Time on November 12, 2024 A link to the call will be posted on the Company’s investor relations website at investors ...

NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Grab Holdings Limited (NASDAQ: GRAB, the “Company”  or “Grab”), plans to announce its unaudited third quarter 2024 results after the U.S. market closes on November 12, 2024.   The Company’s management will hold a conference call to discuss the third quarter 2024 results at: Date and time:7:00 PM U.S Eastern Time on November 11, 20248:00 AM Singapore Time on November 12, 2024 A link to the call will be posted on the Company’s investor relations website at investors ...

The latest trading session saw Grab Holdings Limited (GRAB) ending at $3.63, denoting a -0.82% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily loss of 0.21%. On the other hand, the Dow registered a loss of 0.14%, and the technology-centric Nasdaq decreased by 0.05%. Heading into today, shares of the company had gained 6.09% over the past month, outpacing the Business Services sector's gain of 4% and the S&P 500's gain of 5.94% in that time. The investment commun ...

Grab Holdings Limited (GRAB) closed at $3.68 in the latest trading session, marking a -0.54% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.9%. On the other hand, the Dow registered a gain of 0.81%, and the technology-centric Nasdaq increased by 1.22%. Shares of the company have appreciated by 10.78% over the course of the past month, outperforming the Business Services sector's gain of 3.15% and the S&P 500's gain of 3.15%. Investors will be eagerly watching for t ...

Grab Holdings Limited (GRAB) closed at $3.85 in the latest trading session, marking a +1.32% move from the prior day. The stock's change was more than the S&P 500's daily loss of 0.13%. Meanwhile, the Dow experienced a rise of 0.33%, and the technology-dominated Nasdaq saw a decrease of 0.39%. Shares of the company have appreciated by 18.75% over the course of the past month, outperforming the Business Services sector's gain of 4.62% and the S&P 500's gain of 2.43%. The investment community will be closely ...