Business Growth and Profitability in Southeast Asia's Market

The company is experiencing strong growth driven by new products and increasing demand in Southeast Asia's digital economy.

### Strong Growth and Strategic Focus in Southeast Asia's Digital Economy
* 📈 The company reported a **remarkable 17% increase in revenue**, driven by strong momentum and a **record number of users** on its platform.
* 🚀 The on-demand business, particularly in mobility and delivery, has **accelerated growth** thanks to **new product launches** over the last three quarters.
* 💰 In Q3, the company achieved a **record adjusted EBIT of $90 million**, marking the **11th consecutive quarter of EBIT improvement** while also posting net profit and positive free cash flow.
* 🔄 A **$500 million buyback program** is currently in progress, with about **40% completed**, reflecting a balanced approach to **growth and shareholder returns**.
* 📊 Advertising is emerging as a **significant revenue stream**, currently generating **$200 million annually**, and continues to grow as a **percentage of deliveries**.
* 🌍 With a population of 660 million in Southeast Asia, where **50% are under 30**, the market remains **underpenetrated**, particularly in **mobility and delivery services**.
* ✈ The tourism sector is rebounding, providing a boost to the business, and the digital economy in Southeast Asia is projected to **grow at double-digit rates** over the next five years, indicating **strong future prospects**.
* 📅 The company is committed to **expanding its product offerings and services** to capitalize on these **growth opportunities** in the region.

Grab Double-Downs on Advertising

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The company reported a 17% increase in revenue, driven by strong user growth and acceleration in the on-demand business.

New product sets and a fast-growing financial services segment are contributing to the momentum.

The company is also focusing on cost-cutting and balancing growth with profitability, achieving a record $90 million in adjusted EBIT and posting net profit for the business.

The company is experiencing growth in revenue while also focusing on profitability, as seen in their third-quarter results.

They have a $500 million buyback program in place, with 40% completed, and are prioritizing organic growth and M&A opportunities for capital allocation.

The company is also exploring advertising as a growth area, with potential revenue contributions from their partnership with Uber.

Growing Advertising Revenue and Future Expansion

The company's advertising revenue is rapidly increasing, now at an annualized rate of $200 million and accounting for 1.

This growth is also benefiting merchants on the platform, creating a win-win situation.

The company plans to double down on advertising and expand grocery delivery, aiming to drive further growth in the next five years.

Grab's Growth Potential in Southeast Asia

Grab's business in Southeast Asia shows low penetration in mobility and delivery, with a significant opportunity in financial services for the underbanked population.

The demand for Grab's services is strong, driven by a continual increase in tourism in the region.

The digital economy in Southeast Asia is projected to grow at double-digit rates over the next five years, leading Grab to focus on expanding its products and services for customers.