Grab Holdings (NASDAQ:GRAB) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$664.0m (up 17% from 2Q 2023).
• Net loss: US$53.0m (loss narrowed by 61% from 2Q 2023).
• US$0.013 loss per share (improved from US$0.035 loss in 2Q 2023).

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

Grab Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 4.5%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Transportation industry in the US.

The company's shares are down 2.2% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Grab Holdings' balance sheet health.

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