Executive Summary
- •Q2 revenue grew 22% year on year to $997 million with an operating profit of $19 million.
- •The company recorded a 28% year-on-year jump in the number of rides during the second quarter.
- •Full-year EBITDA estimates were lifted to $720 million-$740 million as Grab continues working with regulators to close the foodpanda Taiwan acquisition.
Community Sentiment
Key Developments & Data
Grab $GRAB raises its full-year outlook as AI accelerates product shipping speeds.
Q2 revenue grew 22% year on year to $997 million with an operating profit of $19 million.
The company recorded a 28% year-on-year jump in the number of rides during the second quarter.
Full-year EBITDA estimates were lifted to $720 million-$740 million as Grab continues working with regulators to close the foodpanda Taiwan acquisition.
"AI is now embedded in the Grab way of life, whether it's in our products or the way we work." — Peter Oey
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