Grab Q3, the numbers that actually matter: Revenue up 27% to about US$1.1bn, roughly in line.Adjusted EBITDA up 74% to U…
Grab Q3, the numbers that actually matter:
Revenue up 27% to about US$1.1bn, roughly in line.
Adjusted EBITDA up 74% to US$237m, ahead of expectations.
Full year revenue guided to US$4.15bn to US$4.2bn, above the prior top end.
Upper end of the net profit forecast raised from US$740m to US$800m.
Monthly transacting users 57m, about 3m added in the quarter.
Still down more than 40% year to date.
The guidance raise is the real news here. Revenue was close to consensus and EBITDA beat, but a company raising the top end of its profit forecast in this tape is doing something most of my watchlist is not.
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