Grab's Affordable Plans Strikes a Cord With Price Sensitive Users, Deliveries and Mobility Drives 77% Topline Growth In Q2
Portfolio Pulse from Anusuya Lahiri
Grab Holdings Limited (NASDAQ:GRAB) reported Q2 FY23 revenue growth of 77% YoY to $567.0 million, beating the consensus of $546.1 million. The company's Deliveries and Mobility segments drove the growth, with revenues rising 118% and 29% YoY respectively. The company reiterated its FY23 revenue outlook of $2.20 billion - $2.30 billion, up by 54% - 60% YoY. GRAB shares traded higher by 4.19% premarket.
August 23, 2023 | 1:11 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Grab Holdings reported strong Q2 FY23 results, with significant revenue growth driven by its Deliveries and Mobility segments. The company's shares traded higher premarket.
Grab's strong Q2 FY23 results, which beat consensus estimates, and the positive outlook for FY23 are likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100