On August 4, Grab Holdings rose 7.63% in regular trading, trading at $3.835/share, with turnover of $31.37 million.
The rally was driven by the company's Q2 earnings release, which showed comprehensive outperformance. Revenue came in at $997 million, up 22% year-over-year, exceeding the analyst consensus of $990.8 million. Diluted EPS reached $0.06, tripling the $0.02 estimate and representing a 500% increase from $0.01 in the year-ago quarter. Adjusted EBITDA surged 54% year-over-year, while net profit soared 620%.
Grab simultaneously raised its full-year revenue guidance to $4.10-4.15 billion, up from the prior range of $4.04-4.10 billion. Additionally, the company announced a new $750 million stock repurchase program, building on approximately $400 million already executed under its previously authorized $500 million buyback plan, significantly amplifying cumulative capital returns to shareholders.
Grab Holdings Limited is Southeast Asia's leading superapp platform, providing mobility, delivery, and digital financial services across eight countries and 465 cities, headquartered in Singapore.
(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.)