Grab Holdings Full Year 2024 Earnings: EPS Misses Expectations

Grab Holdings +2.14%

Grab Holdings

GRAB

4.78

+2.14%

Grab Holdings (NASDAQ:GRAB) Full Year 2024 Results

Key Financial Results

  • Revenue: US$2.80b (up 19% from FY 2023).
  • Net loss: US$105.0m (loss narrowed by 76% from FY 2023).
  • US$0.026 loss per share (improved from US$0.11 loss in FY 2023).
revenue-and-expenses-breakdown
NasdaqGS:GRAB Revenue and Expenses Breakdown March 16th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Grab Holdings EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.8%.

The primary driver behind last 12 months revenue was the Deliveries segment contributing a total revenue of US$1.49b (53% of total revenue). Notably, cost of sales worth US$1.62b amounted to 58% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$512.0m (38% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$59.0m. Explore how GRAB's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Transportation industry in the US.

The company's shares are down 4.1% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Grab Holdings' balance sheet health.

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