Grab Hldgs Q4 GMV $5.44B Up 9% Y/Y, On-Demand GMV $4.122B +17%, MTUs 37.7M +12%
Portfolio Pulse from Benzinga Newsdesk
Grab Holdings reported a Q4 GMV of $5.44B, up 9% Y/Y, with On-Demand GMV at $4.122B, a 17% increase. MTUs grew to 37.7M, up 12%. Revenue rose 30% to $653M, and the company turned a profit of $11M compared to a loss of $391M in the previous year. Adjusted EBITDA was $35M, improving from a $111M loss, and adjusted free cash flow was positive at $1M.
February 22, 2024 | 11:15 am
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Grab Holdings reported significant growth in Q4 with a 9% increase in GMV, a 17% rise in On-Demand GMV, and a 12% increase in MTUs. Revenue surged 30% to $653M, and the company achieved profitability with an $11M profit, a stark contrast to the $391M loss in the previous year.
The positive earnings report from Grab Holdings, showing significant growth in key metrics such as GMV, MTUs, and revenue, along with a transition from a substantial loss to profitability, is likely to be viewed favorably by investors. This could lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100