Grab | Latest News & Updates - Feb 22, 2025 Release
Grab achieved its strongest quarter yet in Q4 2024, with positive Group Adjusted EBITDA and Adjusted Free Cash Flow for the first full year, driven by growth in on-demand GMV, increased transactions, and a $216 million annualized run-rate in advertising revenue, according to CFO Peter Oey...
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Grab
🌎 grab.comGrab is Southeast Asia's leading superapp offering a suite of services like deliveries, mobility, financial services, and more. Guided by The Grab Way, their mission is to drive Southeast Asia forward by creating economic empowerment for everyone.
Grab - Latest News and Updates
- Grab achieved its strongest quarter yet in Q4 2024, with positive Group Adjusted EBITDA and Adjusted Free Cash Flow for the first full year, driven by growth in on-demand GMV, increased transactions, and a $216 million annualized run-rate in advertising revenue, according to CFO Peter Oey.
- On February 20, 2025, Grab Malaysia signed a Memorandum of Cooperation with Tourism Malaysia to promote gastro-tourism.
- Grab's stock is experiencing a surge in February 2025, with speculation on whether it will reach $5.5 by February 28.
- Grab reported a rare quarterly profit of $11 million for Q4 2024, but its shares dropped over 10% due to a disappointing revenue forecast for 2025.
- Grab's shares dropped after it forecasted full-year revenue below estimates, indicating a slowdown in the Southeast Asian ride-hailing and food delivery market.
- Since November 2023, Grab and Alipay have been using Avalanche blockchain for cross-border payments in Singapore, allowing transactions through stablecoins and addressing data privacy regulations.
- Shares of Grab rose 13% to $5.55 in pre-market trading after Singapore announced a 50% corporate income tax rebate for 2025.
- Worldquant Millennium Advisors increased their Grab holdings by 1,207% to a total of 2,179,111 shares.
- Grab's digital bank deposits reached US$1.2 billion and loan disbursements hit US$639 million in Q4 2024, marking significant growth in their financial services.
- Grab forecasts its 2025 revenue to be between $3.33 billion and $3.40 billion, below analysts' estimates, amid intense competition in food delivery and ride-hailing.
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