Core Viewpoint - Grab Holdings Ltd. has achieved a significant milestone by posting a net profit for the first time in Q3 2024, indicating a turnaround in its financial performance and growth trajectory in the Southeast Asian market [3][4]. Financial Performance - Grab reported Q3 2024 earnings per share (EPS) of $0.01, exceeding consensus estimates of a loss of $0.01. Revenue increased by 17% year-over-year (YoY) to $716 million, surpassing the consensus estimate of $696 million [3][4]. - The company achieved a net profit of $15 million, a substantial recovery from a loss of $99 million in the same quarter last year. Adjusted EBITDA reached an all-time high of $90 million [4]. - Monthly transacting users (MTU) rose to 42 million, representing only 15% of the total addressable market (TAM) in the region [6]. Growth Drivers - Grab effectively utilizes the network effect to cross-sell its services, starting from its core ride-hailing service and expanding into food delivery, grocery delivery, package delivery, payment processing, and financial services [5][6]. - Active users of GrabFood and GrabMart exhibit five times more order frequency and double the retention rate compared to users of single services [6]. Guidance and Forecast - Grab raised its full-year 2024 revenue guidance to a range of $2.76 billion to $2.78 billion, up from the previous forecast of $2.70 billion to $2.75 billion, aligning with the consensus estimate [8]. - Full-year adjusted EBITDA is now expected to be between $308 million and $313 million, an increase from the prior estimate of $250 million to $270 million [8]. Market Position and Stock Performance - Grab's stock has shown positive momentum, breaking out of a symmetrical triangle pattern, with a current price of $4.99 and a price target of $5.48, indicating a potential upside of 9.78% [7][12]. - The company holds $2.5 billion in cash and $5.8 billion in net cash liquidity, reflecting a strong financial position [9].

Company Analysis - Grab stock is significantly undervalued and is expected to take off in the future [1] - The company is considered a "divergent stock" with strong fundamentals and long growth runways despite its currently depressed prices [1] - The analyst has a beneficial long position in Grab shares through stock ownership, options, or other derivatives [1] Investment Strategy - The investment strategy focuses on identifying innovative companies that have the potential to make a significant impact and improve the world [1] - The strategy targets disruptive companies with strong fundamentals and long-term growth potential, even if their current stock prices are undervalued [1]

Exhibit 99.1 Grab Reports Third Quarter 2024 Results • Profit for the quarter was positive at $15 million • Adjusted EBITDA improved by $62 million year-over-year to an all-time high of $90 million • Operating Cash Flow of $338 million in the third quarter, and Adjusted Free Cash Flow of $76 million on a trailing 12-month basis SINGAPORE, November 12, 2024 - Grab Holdings Limited (NASDAQ: GRAB) today announced unaudited financial results for the third quarter ended September 30, 2024. "Third quarter 2024 wa ...

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 ( ...

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 ...

Company Performance - Grab Holdings Limited's stock closed at $3.63, reflecting a -0.82% change from the previous day, underperforming the S&P 500's loss of 0.21% [1] - Over the past month, Grab's shares have increased by 6.09%, outperforming the Business Services sector's gain of 4% and the S&P 500's gain of 5.94% [1] Earnings Projections - Grab Holdings is expected to report earnings of $0 per share, indicating a year-over-year growth of 100% [2] - The consensus estimate for revenue is projected at $705.4 million, representing a 14.7% increase from the same quarter last year [2] Full Year Estimates - For the full year, earnings are projected at -$0.04 per share and revenue at $2.75 billion, showing increases of +63.64% and +16.52% respectively from the previous year [3] Analyst Forecasts - Recent revisions to analyst forecasts for Grab Holdings are important as they reflect short-term business trends, with positive revisions indicating analyst optimism about the company's profitability [4] - The Zacks Rank system, which considers estimate changes, currently ranks Grab Holdings at 3 (Hold) [6] Industry Context - The Technology Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 80, placing it in the top 32% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

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 ...