Revenue grew 17% year-over-year, or 20% on a constant currency basis to $716 million On-Demand GMV grew 15% year-over-year, or 18% on a constant currency basis to $4.7 billion Profit for the quarter was positive at $15 million Adjusted EBITDA improved by $62 million year-over-year to an all-time high of $90 million Operating cash flow… Continue reading Grab Reports Third Quarter 2024 Results
Author: Grab Taxi Official News
Loqate partners with GrabMaps to enhance location data capabilities in Southeast Asia
The partnership accelerates Loqate’s expansion in Southeast Asia and enables businesses to improve data accuracy, ensure delivery success and provide exceptional customer experience with GrabMaps’ extensive location data Singapore, October 29, 2024 – Loqate, a GBG solution, the leader in global address verification, today announced a strategic partnership with GrabMaps. This collaboration will see Loqate integrating… Continue reading Loqate partners with GrabMaps to enhance location data capabilities in Southeast Asia
Grab Commits S$4 Million Yearly to Upgraded GrabBenefits 2.0 Partner Welfare Programme in Singapore
GrabBenefits 2.0 is a comprehensive benefits programme that addresses top concerns of platform workers. GrabBenefits 2.0 provides more comprehensive benefits for platform workers, complementing the Platform Workers 2024 Act Expanded benefits include subsidised medical services, access to telemedicine services, and complimentary preventive health and wellness services Grab extends partnership with NTUC with 6-month sponsorship of… Continue reading Grab Commits S$4 Million Yearly to Upgraded GrabBenefits 2.0 Partner Welfare Programme in Singapore
Grab Reports Second Quarter 2024 Results
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, August 15, 2024 – Grab… Continue reading Grab Reports Second Quarter 2024 Results
Grab’s “Delivering Tengah!” Project to Support Amenities Development in New Tengah HDB Town
The community development initiative seeks to improve access to everyday services and help residents better navigate the new town. Advisor to Hong Kah North Grassroots Organisations Dr Amy Khor participated in Grab’s AI mapping exercise Grab has mapped over 10km of roads and footpaths and over 160 points of interest in Tengah new town Tengah… Continue reading Grab’s “Delivering Tengah!” Project to Support Amenities Development in New Tengah HDB Town
Grab and OpenAI announce strategic collaboration, first of its kind in Southeast Asia
Companies to partner to design and deliver enhanced experiences for Grab users, partners and employees using state-of-the-art AI capabilities Singapore, May 30, 2024 – Grab, a leading superapp in Southeast Asia, and OpenAI today announced they will collaborate to build and deploy advanced AI solutions that enrich the Grab experience for users, partners, and employees. … Continue reading Grab and OpenAI announce strategic collaboration, first of its kind in Southeast Asia
Grab Reports First Quarter 2024 Results
Revenue grew 24% year-over-year, or 29% on a constant currency basis to $653 million On-Demand GMV grew 18% year-over-year, or 21% on a constant currency basis to $4.2 billion Operating Loss improved by $129 million year-over-year to $(75) million Adjusted EBITDA improved by $129 million year-over-year to an all-time high of $62 million 2024 Adjusted… Continue reading Grab Reports First Quarter 2024 Results
Grab Unveils Women Programme in Singapore to Reduce Barriers for Women Looking for Flexible Income Opportunities
Among the new initiatives, Grab has launched a “Women Passengers Preferred” feature that looks to prioritise matches between women drivers and passengers on the platform in an effort to increase safety for women driver-partners. 6 March 2024, Singapore – In line with the “Inspire Inclusion” theme of International Women’s Day this year, Grab today announced… Continue reading Grab Unveils Women Programme in Singapore to Reduce Barriers for Women Looking for Flexible Income Opportunities
Grab Reports Fourth Quarter and Full Year 2023 Results and Announces Inaugural Share Repurchase Program of Up to $500 Million
Q4 2023 Revenue grew 30% year-over-year to $653 million Q4 2023 Profit for the period was positive at $11 million Q4 2023 Adjusted EBITDA improved by $146 million year-over-year to $35 million Grab’s Board of Directors has authorized the repurchase of up to $500 million of the Company’s Class A ordinary shares SINGAPORE, February 22,… Continue reading Grab Reports Fourth Quarter and Full Year 2023 Results and Announces Inaugural Share Repurchase Program of Up to $500 Million
Grab Reports Third Quarter 2023 Results
Revenue grew 61% year-over-year to $615 million[1] Loss for the period improved by 71% year-over-year to $99 million Group Adjusted EBITDA grew to $29 million, delivering Grab’s first Adjusted EBITDA profitable quarter 2023 Revenue and Group Adjusted EBITDA outlook raised to $2.31 billion to $2.33 billion and $(20) million to $(25) million, respectively SINGAPORE, November… Continue reading Grab Reports Third Quarter 2023 Results