Grab Holdings Ltd Q3 FY2024 #EarningsReport Summary

In Q3 2024, Grab Holdings saw solid growth, leveraging investments to drive On-Demand GMV and expand Monthly Transacting Users. The company achieved its second positive quarter of net income, reporting improved profitability and an all-time high Adjusted Free Cash Flow.

📊 Income Statement Highlights (vs Q3 2023):

▫️ Net Income: $15M vs -$99M (+115.15%)
▫️ Total Revenue: $716M vs $615M (+17%)
▫️ Adjusted EPS: $0.01 vs -$0.02 (+150%)
▫️ Gross Margin: 42.88% vs 39.02%
▫️ Operating Income: -$38M vs -$93M (+59%)
▫️ Total Segment Adjusted EBITDA: $178M vs $125M (+42%)
▫️ Adjusted EBITDA: $90M vs $28M (+224%)
▫️ Operating Cash Flow: $338M vs $322M (+5%)
▫️ Adjusted Free Cash Flow: $138M vs -$6M (NA)

💼 Balance Sheet Highlights (vs December 31, 2023):

▫️ Total Assets: $9.18B vs $8.79B
▫️ Total Liabilities: $2.75B vs $2.32B
▫️ Equity: $6.43B vs $6.47B

🔮 Future Outlook:

For the full year 2024, Grab anticipates revenue between $2.76B and $2.78B, reflecting YoY growth of 17-18%. Adjusted EBITDA is projected to be between $308M and $313M, with positive Free Cash Flow. The company continues to capitalize on rising user demand in Southeast Asia, optimizing cost efficiencies and advancing tech-driven innovations to support its expansive ecosystem.
#EarningsReport