Grab Q3: full-year EBITDA guide raised $65M at the midpoint vs only $50M for revenue
Grab (GRAB), the Southeast Asian ride-hailing and delivery app, reported Q3 results Tuesday: revenue up 27% to $1.112B and adjusted EBITDA up 73% to $237M.
It raised the full-year EBITDA guide by $65M at the midpoint and revenue by only $50M. Profit is now growing faster than sales. Not financial advice.
https://www.businesstimes.com.sg/companies-markets/grab-reports-q3-profit-5-us18-million-raises-full-year-guidance
Sources: RTTNews: revenue $1.112B, adj. EBITDA $237M (+73%), prior guide $4.10-4.15B and $720-740M · X story: Grab hits first billion-dollar revenue quarter with record users
Not financial advice. For informational and educational purposes only.
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