Grab, the mobility and financial services super app, grew revenue and narrowed its losses in the second quarter of 2023. Revenue for the Singapore-based company hit $567 million, a 77% increase year over year, while its loss of $148 million for the quarter represented a 74% improvement year over year.
What is the revenue of grab in Q2?
US$567 millionGrab's revenue rose 76.6 per cent year on year to US$567 million in Q2, buoyed by growth across all segments.
What is grab fourth quarter result?
In the fourth quarter, we achieved revenue growth of 310% year-over-year (“YoY”), while improving our Group and Deliveries Segment Adjusted EBITDA margins and maintaining regional category leadership across our Mobility and Food Deliveries businesses.
What are the results of grab q2 2023?
Revenue grew 77% YoY to $567 million in the second quarter of 2023, or 81% on a constant currency basis2, attributed to growth across all our segments, continued incentive optimization and a change in business model for certain delivery offerings in one of our markets1.
What is grab quarter earnings?
Revenue: Grab Holdings Inc.'s revenue jumped 76.64% since last year same period to $567Mn in the Q2 2023. On a quarterly growth basis, Grab Holdings Inc. has generated 12.95% jump in its revenue since last 3-months.
What is Q1 Q2 Q3 Q4 results?
January, February, and March (Q1) April, May, and June (Q2) July, August, and September (Q3) October, November, and December (Q4)
What is grab second quarter results?
What are the results of grab Q1 2023?
Revenue grew 130% YoY to $525 million in the first quarter of 2023, or 139% on a constant currency basis2, attributed to growth across all our segments, a reduction in incentives and a change in business model for certain delivery offerings in one of our markets3.
What is the forecast for GRAB 2023?
GRAB has hit its adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) breakeven forecast, posting US$29 million for the third quarter of 2023. The transport and food-delivery operator had, at last quarter's earnings call, given guidance for adjusted Ebitda breakeven by Q3 2023.
What is the GRAB stock forecast for 2023?
According to our current GRAB stock forecast, the value of Grab Holdings Limited shares will rise by 2.58% and reach $ 3.47 per share by November 18, 2023. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 39 (Fear).
Is grab stock a buy?
Grab Holdings stock has received a consensus rating of buy.
What is Q1 Q2 Q3 Q4 in 2023?
It includes Q1 (January – March 2023), Q2 (April – June 2023), Q3 (July – September 2023) and Q4 (October – December 2023).
How do you read quarterly results?
How to read quarterly results?
- Gross sales. Gross sales are the total sales of a company within a stipulated time. …
- Net sales. Net sales are the sum of a company's gross sales minus its discounts, returns and allowances. …
- Operating income. …
- Operating profit. …
- Margins. …
- Interest cost. …
- Net profit. …
- EPS (Earnings Per Share)