NASDAQ:GRAB

Grab Reports Third Quarter 2023 Results

Retrieved on: 
Thursday, November 9, 2023
Other Transport, Technology, Apps, Applications, Food, Beverage, Online Retail, Transport, Retail, Delivery Services, Yoy, Growth, Quarter, GMV, Investment, Delivery Hero, Health, Video game

Foreign exchange currency fluctuations impacted our results during the quarter.

Key Points: 
  • Foreign exchange currency fluctuations impacted our results during the quarter.
  • Regional corporate costs4 for the quarter was $192 million, compared to $208 million in the same period in 2022, as we continued to drive cost efficiencies across the organization.
  • Cash liquidity5 totaled $5.9 billion at the end of the third quarter, compared to $5.6 billion at the end of the prior quarter.
  • Our net cash liquidity6 was $5.2 billion at the end of the third quarter, compared to $4.9 billion at the end of the prior quarter.

Grab Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 23, 2023
Banking, Mobile, Wireless, Online Retail, Professional Services, Apps, Applications, Public Transport, Technology, Digital Cash Management, Digital Assets, Food, Beverage, Retail, Transport, Finance, General Administration of Sport of China, Exercise, Yoy, Growth, Quality, cost, delivery, EBITDA, Health, GMV, Investment, Quarter, Marketing, Video game

Notably, our second quarter 2023 Group MTUs and Deliveries GMV were at all-time highs.

Key Points: 
  • Notably, our second quarter 2023 Group MTUs and Deliveries GMV were at all-time highs.
  • Group Adjusted EBITDA margin was (0.4)% for the quarter, an improvement from (4.6)% in the second quarter of 2022 and (1.3)% in the first quarter of 2023.
  • Cash liquidity4 totaled $5.6 billion at the end of the second quarter, compared to $5.8 billion at the end of the prior quarter.
  • Our net cash liquidity5 was $4.9 billion at the end of the second quarter, compared to $5.0 billion at the end of the prior quarter.

 Grab Reports First Quarter 2023 Results

Retrieved on: 
Thursday, May 18, 2023
Other Transport, Technology, Apps, Applications, Food, Beverage, Online Retail, Transport, Retail, Delivery Services, Fasting, Growth, Yoy, EBITDA, Health, Quarter, GMV, Investment, COVID, Chinese New Year, Video game, Mobility

Additionally, fasting during the Ramadan period commenced during the first quarter of this year, which was earlier as compared to the prior year where it commenced in the second quarter.

Key Points: 
  • Additionally, fasting during the Ramadan period commenced during the first quarter of this year, which was earlier as compared to the prior year where it commenced in the second quarter.
  • Group Adjusted EBITDA margin was (1.3)% for the quarter, an improvement from (6.0)% in the first quarter of 2022 and (2.2)% in the fourth quarter of 2022.
  • Regional corporate costs4 for the quarter were $216 million, compared to $212 million in the same period in 2022 and $223 million in the prior quarter.
  • Our net cash liquidity6 was $5.0 billion at the end of the first quarter, compared to $5.1 billion at the end of the prior quarter.

Grab Announces Target to Achieve Zero Packaging Waste in Nature By 2040

Retrieved on: 
Monday, May 8, 2023
Technology, Manufacturing, Professional Services, Food, Beverage, Environmental, Social and Governance (ESG), Recycling, Apps, Applications, Retail, Packaging, Environment, Sustainability, EV, Carbon, Marketing, US, Food packaging, Collection, ESG, Ecosystem, Transport, Social, Safety, Dredging

Grab Holdings Limited (NASDAQ: GRAB) today announced a new target as part of its Environment, Social and Governance (ESG) commitments.

Key Points: 
  • Grab Holdings Limited (NASDAQ: GRAB) today announced a new target as part of its Environment, Social and Governance (ESG) commitments.
  • Aimed at tackling Southeast Asia’s packaging waste problem, Grab is committing to achieve zero packaging waste in nature by 2040.
  • Grab has mapped out a two-phase approach to reach its waste target.
  • Phase 2 will focus on developing long-term scalable solutions to contribute towards a circular economy by performing proper waste collection and supporting the use of reusable packaging, enabling Grab to achieve its target of zero packaging waste in nature by 2040.

Thinking about buying stock in Exela Technologies, Bed Bath & Beyond, Marathon Digital, Roblox, or Grab?

Retrieved on: 
Tuesday, January 17, 2023
Wall Street, Multimedia, Main Street, Retail

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Key Points: 
  • Each stock is evaluated based on short-term technical, long-term technical and fundamental factors.
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Grab targets Group Adjusted EBITDA breakeven by H2 2024 as it accelerates path to profitability

Retrieved on: 
Tuesday, September 27, 2022
Professional Services, Finance, Income, Loss, IFRS, COVID-19, Efficiency, Advertising, City, GMV, U.S. Securities and Exchange Commission, CT Corp, SEC filing, Telehealth, EBITDA, Acquisition, Growth, Economics, Partnership, Industry, Forward-looking statement, Investment, Securities & Exchange Commission of Pakistan, Depreciation, Goal, Adjustment, TranSMART, Leadership, Private Securities Litigation Reform Act, Ecosystem, Food, Insurance, Collection, NASDAQ, Form, Supermarket, Mobility, Renewable energy, Retail, Risk management, Audit, Bookkeeping, Group, Euromonitor International

Grab Holdings Limited (NASDAQ: GRAB) announced today at its first Investor Day that it is targeting to achieve breakeven on a Group Adjusted EBITDA1 basis by the second half of 2024, as it accelerates its path to profitability.

Key Points: 
  • Grab Holdings Limited (NASDAQ: GRAB) announced today at its first Investor Day that it is targeting to achieve breakeven on a Group Adjusted EBITDA1 basis by the second half of 2024, as it accelerates its path to profitability.
  • This document also includes references to non-IFRS financial measures, which include: Adjusted EBITDA, Segment Adjusted EBITDA and Segment Adjusted EBITDA margin.
  • Segment Adjusted EBITDA is a non-IFRS financial measure, representing the Adjusted EBITDA of each of our four business segments, excluding, in each case, regional corporate costs.
  • Segment Adjusted EBITDA margin is a non-IFRS financial measure calculated as Segment Adjusted EBITDA divided by Gross Merchandise Value.

Grab to Be Fully Powered by Its Own Mapping Technology by Q3 2022

Retrieved on: 
Wednesday, June 8, 2022
Mobile, Wireless, Technology, Finance, Satellite, Supermarket, Professional Services, Software, Food, Beverage, Retail, Online Retail, OpenStreetMap, Parity, US, Insurance, Telehealth, Food, Open Database License, Imagery, Income, Internal, City, API, Organization, Map, Reye syndrome, Solution, Intelligence, Government, GMV, Technology, Oregon Bridge Delivery Partners, POI, NASDAQ, Efficiency, IOS SDK, Satellite navigation device, Online shopping, Euromonitor International

Today, GrabMaps provides location-based intelligence and services to all Grab verticals in 7 out of the 8 countries it operates in, and Grab expects to be fully self-sufficient2 with GrabMaps by Q3 2022.

Key Points: 
  • Today, GrabMaps provides location-based intelligence and services to all Grab verticals in 7 out of the 8 countries it operates in, and Grab expects to be fully self-sufficient2 with GrabMaps by Q3 2022.
  • Tan Hooi Ling, Co-founder, Grab said, Grab has always sought to build innovative tech that addresses Southeast Asias hyperlocal needs and GrabMaps is a great example of that.
  • Were very proud that soon we will be fully self-powered by our own mapping and location-based technology.
  • Commercializing this technology is another step forward for our young but fast-growing Enterprise and New Initiatives business.