Grab Holdings reported a 17% increase in total revenue in the fourth quarter of 2024 compared to the same quarter in the previous year, reaching $764 million. The net profit amounted to $11 million, driven by the growth in Gross Merchandise Value (GMV) on the platform, which reached $5.028 billion, a 20% increase.
Anthony Tan, the CEO and co-founder of Grab, stated that the previous quarter was the strongest quarter Grab has ever had. The company has managed to consistently maintain profitability.
Grab’s delivery business mentioned that Saver orders now account for one-third of all orders, while Priority orders, which generate revenue, represent 9%, and ad revenue contributes 1.7% of the GMV.
The ride-hailing business saw a 19% increase in revenue, amounting to $282 million, with GMV rising by 23% to $1.815 billion.
TLDR: Grab Holdings reported significant revenue growth in Q4 2024, driven by increases in GMV across its various business segments.
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