Grab (US:GRAB) ZACKS·2025-11-13 17:16Core Insights - Grab (GRAB) reported disappointing third-quarter 2025 results, with both earnings and revenues missing the Zacks Consensus Estimate, leading to a 2.8% decline in share price since the earnings release on November 4 [1][8] Financial Performance - Quarterly earnings were 1 cent per share, missing the consensus estimate by 67% but remained flat year-over-year [1] - Revenues totaled $873 million, missing the consensus estimate by 1% but increasing by 21.9% year-over-year [1] - On-Demand Gross Merchandise Value (GMV) grew 24% year-over-year to $5.77 billion, with monthly transacting users (MTUs) and total transactions increasing by 16% and 27%, respectively [2] - Adjusted EBITDA reached $136 million, reflecting a 51% year-over-year improvement due to growth in On-Demand GMV and revenues [2] Segment Performance - Deliveries segment revenues grew 23% year-over-year to $465 million, driven by growth in Deliveries GMV and advertising revenue [3] - Mobility segment revenues increased 17% year-over-year to $317 million, supported by growth in Mobility MTUs and transactions [3] - Financial Services segment revenues improved 39% year-over-year to $90 million, primarily due to increased lending contributions [4] Liquidity and Cash Flow - Grab ended Q3 2025 with cash liquidity of $7.4 billion, down from $7.6 billion in the previous quarter [5] - The company generated $127 million in net cash from operating activities, with capital expenditures totaling $45 million and adjusted free cash flow at $203 million [5] Future Guidance - Grab raised its 2025 revenue guidance to between $3.38 billion and $3.40 billion, indicating a year-over-year growth of 21-22% [6] - Adjusted EBITDA for 2025 is now expected to be between $490 million and $500 million, suggesting a year-over-year growth of 57-60% [6]