Stock Data
$0.01 (0.27%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
TECHNOLOGY
Industry
SOFTWARE - APPLICATION
Grab Holdings Ltd, based in Singapore, revolutionizes daily life in Southeast Asia with its superapp platform. This innovative app serves as a one-stop destination for a variety of services including transportation, food delivery, digital financial services, and solutions for businesses. Operating across countries like Cambodia, Indonesia, Malaysia, and more, Grab simplifies the way people and merchants connect, making everyday tasks easier and more accessible for everyone involved.
Adjusted EBITDA rose 54%, with margin at 16.9% from 13.3%, while the EPS beat leaned on a one-time $307 million gain on consolidating Indonesia's Superbank. Financial Services revenue rose 59%, and the board authorized a fresh $750 million buyback after completing the prior $500 million program in July.
Grab lifted full-year revenue guidance to $4.10B-$4.15B and authorized a fresh $750 million buyback on top of the beat. A $307 million one-time gain from consolidating Indonesian digital bank Superbank flatters the bottom line, but adjusted EBITDA still climbed 54%.
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