In its Q3 2024 earnings report, Grab Holdings saw a 17% increase in total revenue compared to the same quarter last year, totaling $716 million. The net profit stood at $15 million, with overall spending on their O2O business platform (GMV) reaching $4.659 billion, a 15% rise.
CEO and co-founder of Grab, Anthony Tan, highlighted the platform’s 42 million active users and the growing GMV in the O2O business. The GMV for the delivery business saw a 12% increase, reaching $2.965 billion, with Saver orders accounting for 32% of all transactions. The ride-hailing sector also experienced growth, with GMV hitting $1.694 billion, a 20% uptick.
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TLDR: Grab’s Q3 2024 report showed a 17% revenue increase, with $716 million in total revenue. CEO Anthony Tan noted 42 million active users and a growing GMV in the O2O business. Delivery GMV rose by 12% to $2.965 billion, with ride-hailing GMV increasing by 20% to $1.694 billion.
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