Grab Holdings (NASDAQ:GRAB) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$716.0m (up 16% from 3Q 2023).

• Net income: US$26.0m (up from US$91.0m loss in 3Q 2023).

• Profit margin: 3.6% (up from net loss in 3Q 2023).

• EPS: US$0.006 (up from US$0.023 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Grab Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Transportation industry in the US.

Performance of the American Transportation industry.

The company's shares are up 16% from a week ago.

Risk Analysis

Be aware that Grab Holdings is showing 1 warning sign in our investment analysis that you should know about...

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