Grab Holdings Reported Q2 Deliveries Revenue Growth Of 11% YoY To $356M, Deliveries GMV Grew 9% YoY To $2.85B
Author: Benzinga Newsdesk | August 15, 2024 07:06am
Segment Financial and Operational HighlightsDeliveries($ in millions,unless otherwise stated)Q2 2024Q2 2023YoY %ChangeYoY %Change(unaudited)(unaudited)(constant currency) Operating
Segment Financial and Operational Highlights
Deliveries
($ in millions,
unless otherwise stated)
Q2 2024
Q2 2023
YoY %
Change
YoY %
Change
(unaudited)
(unaudited)
(constant currency)
Operating metrics:
GMV
2,850
2,619
9%
14%
Financial measures:
Revenue
356
320
11%
17%
Segment Adjusted EBITDA
42
10
331%
Deliveries revenue grew 11% YoY, or 17% YoY on a constant currency basis, to $356 million in the second quarter from $320 million in the same period in 2023. The strong growth was primarily attributed to growing demand from our Food Deliveries business, and increasing contributions from our Jaya and Advertising businesses.
Deliveries GMV grew 9% YoY, or 14% YoY on a constant currency basis, to an all-time high of $2,850 million in the second quarter of 2024, driven by an increase in total transactions and Deliveries MTUs.
