Grab Holdings Reported Q2 Deliveries Revenue Growth Of 11% YoY To $356M, Deliveries GMV Grew 9% YoY To $2.85B
Portfolio Pulse from Benzinga Newsdesk
Grab Holdings reported a strong Q2 2024 with deliveries revenue growing 11% YoY to $356 million and GMV increasing 9% YoY to $2.85 billion. The growth was driven by demand in the Food Deliveries business and contributions from Jaya and Advertising businesses.
August 15, 2024 | 11:06 am
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Grab Holdings reported strong Q2 2024 results with deliveries revenue growing 11% YoY to $356 million and GMV increasing 9% YoY to $2.85 billion. The growth was driven by demand in the Food Deliveries business and contributions from Jaya and Advertising businesses.
The strong YoY growth in both revenue and GMV indicates positive operational performance and increasing demand, which is likely to positively impact the stock price in the short term.
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