- Grab raises revenue forecast to $2.78B after achieving quarterly profit
- Platform reports growth across delivery, mobility, and financial services
- Monthly active users reach 42 million amid expanding Southeast Asian presence
Significant Financial Milestone
Grab revises annual revenue projection upward to $2.76-2.78 billion following impressive third-quarter results.
The Singapore-based superapp reports $15 million quarterly profit, with revenue growing 17% year-over-year to $716 million and adjusted EBITDA reaching record $90 million.
Core Business Growth
Platform demonstrates robust performance across key segments: deliveries revenue up 13% to $380 million, mobility GMV surging 20% to $1.69 billion, and financial services revenue climbing 34% to $64 million.
User base expands to 42 million monthly transacting users, reflecting strong regional demand.
Optimistic Outlook
Company raises full-year adjusted EBITDA guidance to $308-313 million from previous $250-270 million range.
Strong cash flow performance continues with $338 million operating cash flow in Q3 and $76 million adjusted free cash flow on trailing 12-month basis.
