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Grab (GRAB) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Grab (GRAB) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Recently, Zacks.com users have been paying close attention to Grab (GRAB). This makes it worthwhile to examine what the stock has in store.
Grab's 2Q24 earnings showed solid growth in Deliveries GMV, Ads business, and a strong financial service segment, but dragged down by foreign exchange. Increased incentives are aimed at driving adoption of affordable options, leading to potential long-term margin expansions. Conservative guidance, however, suggests possible heightened competition. Alternatively, Grab might be offering more incentives to drive Saver adoption.
Grab reported mixed Q2 results that lead to a 7%+ sell-off. Growth was the main issue in the report — however, this was mainly distorted by FX headwinds. The underlying business fundamentals remain solid with the company producing record numbers.
Peter Oey, CFO of Grab, says demand is "very strong" in the region.
Grab missed top-line estimates in the second quarter. Bookings growth was slower than revenue.
Indonesian super app Grab saw a record number of monthly users in its latest quarter. “We continued to harness the strength of the Grab ecosystem, and improved the usage frequency and reliability of our products and services,” Grab CEO and Co-founder Anthony Tan said in a news release Thursday (Aug. 15).
Shares of Grab Holdings (GRAB) tumbled in intraday trading Thursday as the Asian ride-hailing firm missed revenue estimates and gave soft guidance as rider spending declined.
Grab Holdings Limited (NASDAQ:GRAB ) Q2 2024 Earnings Conference Call August 15, 2024 8:00 PM ET Company Participants Douglas Eu - Director, IR & Strategic Finance Anthony Tan - CEO Alex Hungate - COO Peter Oey - CFO Conference Call Participants Pang Vitt - Goldman Sachs Alicia Yap - Citigroup Sachin Salgaonkar - Bank of America Piyush Choudhary - HSBC Singapore Ranjan Sharma - JPMorgan Mark Mahaney - Evercore Jiong Shao - Barclays Operator Ladies and gentlemen, thank you for joining us today. My name is Aida, and I will be your conference operator for this session.