Grab will release its financial results on July 31. Yow forecasts 2QFY2025 adjusted ebitda of US$104 million, down 2% q-o-q but up 63% y-o-y. This is slightly below the consensus estimate of US$109 million.
CGS International (CGSI) analyst Jacquelyn Yow has downgraded Nasdaq-listed Grab Holdings to “hold” from “add” ahead of the release of its financial results for 2QFY2025 ended June 30.
“We estimate that Grab Holdings will achieve strong on-demand gross merchandise value (GMV) of US$5.26 billion ($6.73 billion) in 2QFY2025, up 7% q-o-q and 19% y-o-y, supported by q-o-q GMV growth from both the deliveries and mobility segments,” writes Yow in a July 10 report.
