{"id":5495,"date":"2024-11-26T00:00:00","date_gmt":"2024-11-25T16:00:00","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=5495"},"modified":"2024-11-25T18:15:28","modified_gmt":"2024-11-25T10:15:28","slug":"daily-markup-1124-grab-bags-triple-triumph-with-strong-revenues-for-all-3-business-segments-with-strong-travel-demand-driving-growth","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=5495","title":{"rendered":"Daily Markup #1124: Grab bags triple triumph with strong revenues for all 3 business segments, with strong travel demand driving growth"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXfxDoauwnbaq_TVmVaPafiQKq_kNsxqEzKth64vUnNh7Hf_EGmadTohJRFfwU4z0ZWr74d_ZA0zgUl5xIXcCI_l7AfWvU5TyLjpet9tHyJqREkSFwuTAt3fZyi-DSVH5K0g8edyJg?key=_VevIFPF2TaSumjok561frBG\" alt=\"\"\/><figcaption class=\"wp-element-caption\">Photo credit: Fortune<\/figcaption><\/figure>\n\n\n\n<p><strong>Riding high<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>500-backed superapp <a href=\"https:\/\/www.grab.com\/\">Grab<\/a> reported a strong quarter with revenue for all three business segments \u2014 deliveries, ride-hailing, and finance \u2014 posting double digit year-on-year growth.<\/li>\n\n\n\n<li>For the three months ending September 30, the total revenue recorded was US$716M, up 17% from the same period the year before.<\/li>\n\n\n\n<li>The team expects to ride on this momentum into the final three months of 2024. The driver? Strong travel demand, especially in Thailand: \u201cWe\u2019re really blessed to see the strengthening of inbound tourism that\u2019s supporting our growth,\u201d shared Co-founder &amp; CEO <a href=\"https:\/\/www.linkedin.com\/in\/anthony-tan\/\">Anthony Tan<\/a>.<\/li>\n\n\n\n<li>Grab serves over 700 cities across 8 countries in Southeast Asia and now projects up to US$2.78B in revenue for the year, raising their profit outlook to between US$308M and US$313M on an adjusted EBITDA.<\/li>\n\n\n\n<li>President &amp; COO <a href=\"https:\/\/www.linkedin.com\/in\/alex-hungate-27324284\/\">Alex Hungate<\/a> highlighted that they are more calculated with how they use incentives, and moving forward, AI developments could help the team further optimize their incentives.<\/li>\n\n\n\n<li>\u201cWe will use incentives from time to time to generate momentum behind new ways of interacting with the app,\u201d he added.<\/li>\n\n\n\n<li>Read the full story <a href=\"https:\/\/yhoo.it\/3ZhYqhT\">here<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Riding high<\/p>\n","protected":false},"author":5,"featured_media":5496,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[143],"class_list":["post-5495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-grab"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - 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