Grab Q2 GMV $5.24B +4% YoY, MTUs 34.9M +7% YoY, Deliveries GMV $2.57B +4% YoY
Portfolio Pulse from Benzinga Newsdesk
Grab's Q2 Gross Merchandise Volume (GMV) has increased by 4% YoY to $5.24B, with Monthly Transacting Users (MTUs) also increasing by 7% YoY to 34.9M. The GMV for deliveries has also seen a 4% YoY increase to $2.57B.
August 23, 2023 | 11:02 am
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POSITIVE IMPACT
Grab's Q2 results show positive growth with a 4% YoY increase in GMV and a 7% YoY increase in MTUs. The GMV for deliveries also increased by 4% YoY.
The increase in GMV and MTUs indicates a positive growth for Grab. This could potentially lead to an increase in the company's stock price in the short term as it shows that the company is expanding its user base and increasing its revenue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100