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
Author: Grab Taxi Official News
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
Grab Opens First Physical Merchant Centre to Support Singapore’s Small and Medium Businesses on their Digital Growth
Grab Merchant Centre offers a range of merchant services to help small and medium businesses jumpstart and scale their online businesses, and a physical space for networking Grab, Southeast Asia’s leading superapp, today officially opened its first physical merchant centre in Singapore, and launched its third annual Singapore Food and Grocery Trends Report. The Grab… Continue reading Grab Opens First Physical Merchant Centre to Support Singapore’s Small and Medium Businesses on their Digital Growth
Grab Brings More Affordable Features to Singapore Foodies
New features aimed at making GrabFood more accessible to more budget and value-conscious consumers Grab, Southeast Asia’s leading superapp, today unveiled new product innovations to offer GrabFood users more options at lower price points. The move is aimed at reaching out to more budget and value-conscious consumers who do not typically consider food delivery services… Continue reading Grab Brings More Affordable Features to Singapore Foodies
Grab Reports Second Quarter 2023 Results
Q2 2023 Revenue grew 77% year-over-year to $567 million[1] Q2 2023 Loss for the period improved by 74% year-over-year to $148 million Q2 2023 Adjusted EBITDA improved by 92% year-over-year to $(20) million Group Adjusted EBITDA breakeven guidance brought forward to Q3 2023 from Q4 2023 SINGAPORE, August 23, 2023 – Grab Holdings Limited (NASDAQ:… Continue reading Grab Reports Second Quarter 2023 Results