On November 3, Grab Holdings rose 13.64% in Regular Trading, trading at $3.255, with turnover of $51.4432 million.
The move followed a clear earnings-driven catalyst: Grab Holdings reported third-quarter revenue of $1.112 billion, above market estimates ranging from about $1.05 billion to $1.073 billion, and raised its full-year revenue outlook to $4.15 billion-$4.20 billion from a prior upper-end view of $4.15 billion.
Additional operating metrics reinforced the reaction. Adjusted EBITDA rose 73% year over year to $237 million, and the company said it achieved profitability for the first time across all three core segments. While some reports noted quarterly net profit of $18 million came in below certain analyst expectations, the revenue beat and upgraded guidance appear to have been the dominant drivers behind the stock's sharp rise in Regular Trading.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)