Movement Alert|Grab Holdings Intraday Rise 13.64% in Regular Trading, Q3 Revenue Beat and Higher Full-Year Outlook Lift Shares

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Yesterday

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.

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