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Grab Holdings Q3 Swings to Earnings, Revenue Rises; Raises 2024 Revenue Guidance
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Grab Holdings Q3 Swings to Earnings, Revenue Rises; Raises 2024 Revenue Guidance
Nov 12, 2024 2:16 AM

04:18 AM EST, 11/12/2024 (MT Newswires) -- Grab Holdings ( GRAB ) reported Q3 earnings late Monday of $0.01 per diluted share, swinging from a loss of $0.02 a year earlier.

Analysts polled by Capital IQ expected breakeven results.

Revenue for the quarter ended Sept. 30 was $716 million, compared with $615 million a year earlier.

Analysts surveyed by Capital IQ expected $699.8 million.

The company raised its full-year 2024 revenue guidance to a range of $2.76 billion to $2.78 billion from $2.70 billion to $2.75 billion previously. Analysts polled by Capital IQ expect $2.79 billion.

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