Grab reported a 17% YoY revenue increase to $664M in Q2 2024, narrowed losses by 54%, and maintained full-year revenue guidance.
Grab, a leading Southeast Asian superapp, reported a 17% year-on-year revenue increase to $664 million in Q2 2024, with 41 million monthly transacting users. The company narrowed its losses by 54% and maintained its full-year revenue guidance at $2.70-2.75 billion. Grab's Adjusted EBITDA grew for the 10th consecutive quarter, and the company expects to achieve positive adjusted free cash flow for the full year of 2024. Cash liquidity increased to $5.6 billion, with a substantial part from customer deposits in the banking business.
August 15, 2024
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