Grab Revenue Rises 27% to $1.11B as Financial Services Growth Hits 124%

Grab Holdings $GRAB reported third-quarter revenue of $1.11 billion, up 27% year over year and ahead of the $1.07 billion consensus estimate.
Adjusted EBITDA reached $237 million, beating expectations of $197 million and increasing 73% from a year earlier. However, earnings per share of $0.00 missed the $0.03 estimate.
Deliveries revenue grew 21% to $561 million, while Mobility revenue rose 10% to $349 million. Financial Services was the fastest-growing segment, with revenue surging 124% to $201 million.
Monthly transacting users increased 20% to 57.2 million, while on-demand gross merchandise value rose 18% to $6.84 billion.
Grab raised its full-year adjusted EBITDA guidance to $790 million–$800 million, up from $720 million–$740 million. Its revenue outlook was also increased to $4.15 billion–$4.20 billion.
The results highlight improving operating performance and rapid financial services expansion, although the EPS miss and growing loan portfolio remain important factors for investors.