Core Viewpoint - Grab Holdings reported strong Q3 2025 performance, exceeding market expectations in revenue and adjusted EBITDA, leading to an upgraded target price from $7.00 to $7.20 by CGS International [2] Group 1: Financial Performance - Q3 revenue reached $873 million, representing a 7% quarter-over-quarter increase and a 22% year-over-year increase [2] - Adjusted EBITDA was $136 million, with a 25% quarter-over-quarter growth and a 51% year-over-year growth, surpassing expectations from CGS International and Bloomberg [2][3] Group 2: Business Drivers - Strong growth in Grab's core businesses, Deliveries and Mobility, contributed to robust GMV growth both year-over-year and quarter-over-quarter [2] - Key drivers included higher user engagement, product innovations like GrabMart and Saver, increased advertising penetration among merchant partners, and strong loan issuance in the financial services sector [2] Group 3: Financial Services and Future Outlook - In the financial services segment, loan issuance grew by 23% quarter-over-quarter and 56% year-over-year, with management confident in achieving breakeven by the second half of 2026 [3] - CGS International raised Grab's EPS expectations, anticipating positive adjusted EBITDA across all business segments by FY 2027 [3]
【环球财经】银河国际：Grab第三季度业绩超预期 上调目标价至7.20美元
Xin Hua Cai Jing·2025-11-05 11:15