Financial Data and Key Metrics Changes - Group revenues in Q2 2024 grew 17% year-on-year, reaching an all-time high of $664 million, or 23% on a constant currency basis [28] - On-Demand GMV increased by 13% year-on-year to $4.4 billion, or 18% on a constant currency basis [29] - Adjusted EBITDA for the quarter was $64 million, an improvement of $81 million from the same period last year [31] - Adjusted free cash flow was $36 million in Q2 2024, representing an improvement of $56 million year-on-year [32] Business Line Data and Key Metrics Changes - Mobility revenue increased by 19% year-on-year, with GMV growing 20% or 25% on a constant currency basis [28][29] - Deliveries revenue grew 11% year-on-year, with GMV increasing by 9% or 14% on a constant currency basis [28][29] - Financial services revenue surged 54% year-on-year, driven mainly by lending across GrabFin and GXS Bank [28] 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 [6] - Total loan disbursals across GrabFin and Digibanks reached an annualized run rate of $2 billion in Q2 2024 [6] Company Strategy and Development Direction - The company aims to leverage its platform scale to drive profitable growth, focusing on product and tech-led strategies [4][5] - A three-pronged approach will be adopted: scaling the ecosystem, being AI-led for growth, and maintaining cost discipline [8][9][10] - The company is committed to delivering a triple bottom line business, emphasizing community welfare and environmental health [10] Management's Comments on Operating Environment and Future Outlook - The macro outlook in Southeast Asia is strong, with positive GDP growth and increasing tourism [39] - Management expects sequential growth in GMV and adjusted EBITDA for both Deliveries and Mobility in the second half of 2024 [42] - The company remains confident in achieving its long-term margin expectations for Mobility and Deliveries [44][56] Other Important Information - The company reported a positive cash inflow from operating activities of $272 million for the quarter [32] - The gross cash liquidity stood at $5.6 billion at the end of Q2 2024, reflecting a strong liquidity position [34] Q&A Session Summary Question: Impact of FX weakness on GMV and revenue growth - Management acknowledged that FX weakness impacted headline growth but noted that the U.S. dollar has weakened recently, turning headwinds into tailwinds for Q3 [39] Question: Mobility EBITDA margin dip - Management explained that the dip in Mobility EBITDA margin was expected due to new product rollouts and a shift in product mix, but they anticipate improvement in the coming quarters [43][44] Question: Competitive landscape and incentive spending - Management indicated that competitive activity remains consistent, and the increase in incentive spending was primarily to support new product launches [58][60] Question: Financial services guidance and breakeven timeline - Management reiterated the commitment to breakeven for financial services by the second half of 2026, with positive momentum in the lending business [56]

Grab 1 Q2 2024 Earnings Call August 2024 Disclaimer 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 dec ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Grab Holdings Limited (GRAB) . Grab currently has an average bro ...

Core Viewpoint - Grab Holdings Limited reported a quarterly loss of $0.01 per share, aligning with the Zacks Consensus Estimate, and showing improvement from a loss of $0.03 per share a year ago [1] - The company posted revenues of $664 million for the quarter ended June 2024, which was 2.40% below the Zacks Consensus Estimate, but an increase from $567 million year-over-year [2] Financial Performance - The company has surpassed consensus EPS estimates only once in the last four quarters [1] - Grab's revenue performance has exceeded consensus estimates twice in the last four quarters [2] Market Performance - Grab shares have not appreciated since the beginning of the year, contrasting with the S&P 500's gain of 14.4% [3] - The stock is currently rated Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is -$0.01 on revenues of $700.71 million, and for the current fiscal year, it is -$0.03 on revenues of $2.74 billion [7] - The outlook for the Technology Services industry, where Grab operates, is currently in the top 35% of Zacks industries, suggesting potential for better performance compared to lower-ranked industries [8]

• 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 ...

As we inch closer to the first wave of interest rate cuts, it's an opportune time to consider emerging markets tech stocks. Over the past year or so, these tech giants have undergone a major correction, with analysts highlighting promising opportunities in often-overlooked areas. For instance, Tom Lee of Funstrat Global Advisors paints a dynamic picture for small-cap stocks in August, primed for a 15% jump. These impressive growth numbers are driven by cooling inflation and the upcoming interest rate cuts. ...

Company Overview - Grab Holdings Limited (GRAB) is projected to report earnings of -$0.03 per share and revenue of $2.74 billion for the full year, reflecting year-over-year changes of +72.73% in earnings and +16.28% in revenue [1] - The company's stock closed at $3.38, unchanged from the previous trading session, outperforming the S&P 500's daily loss of 0.16% [3] - Over the past month, shares of Grab have decreased by 4.25%, underperforming the Business Services sector's gain of 0.9% and the S&P 500's gain of 1.96% [6] Financial Performance - Upcoming financial results for Grab are anticipated to show earnings per share (EPS) of -$0.01, which would represent a 66.67% increase from the same quarter last year [9] - The consensus estimate for quarterly revenue is $675.09 million, indicating a 19.06% increase from the year-ago period [9] Industry Context - The Technology Services industry, part of the Business Services sector, currently holds a Zacks Industry Rank of 95, placing it within the top 38% of over 250 industries [2] - The Zacks Rank system, which evaluates individual industry groups, shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8] Analyst Insights - Recent adjustments to analyst estimates for Grab often reflect changes in short-term business dynamics, with positive revisions seen as a favorable indicator for the company's outlook [7] - The Zacks Rank for Grab Holdings Limited is currently 3 (Hold), with a noted 300% fall in the Zacks Consensus EPS estimate over the past month [10]

NEW YORK, July 23, 2024 (GLOBE NEWSWIRE) -- Grab Holdings Limited (NASDAQ: GRAB, the "Company" or "Grab"), plans to announce its unaudited second quarter 2024 results before the U.S. market opens on August 15, 2024. About Grab For enquiries, please contact: Investors: investor.relations@grab.com Media: press@grab.com A link to the call will be posted on the Company's investor relations website at investors.grab.com prior to the call time. Following the call, a replay of the call, along with the earnings pre ...

NEW YORK, July 23, 2024 (GLOBE NEWSWIRE) -- Grab Holdings Limited (NASDAQ: GRAB, the "Company" or "Grab"), plans to announce its unaudited second quarter 2024 results before the U.S. market opens on August 15, 2024. The Company's management will hold a conference call to discuss the second quarter 2024 results at: A link to the call will be posted on the Company's investor relations website at investors.grab.com prior to the call time. Following the call, a replay of the call, along with the earnings press ...

Grab Holdings Limited (GRAB) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Over the past month, shares of this company have r ...