Great Q4'22 Results? Time to Grab some Grab stocks?

But its latest set of results might spell a change in fortune.

Here are some key notes from its latest quarter results.

Grab has slowly evolved from a pure mobility app to also incorporate e-commerce, making it a Super app. On top of good revenue growth, it also needs to ensure that Gross Merchandise Value (GMV) is growing as well.

It reported revenue that was higher by 112% YoY.

Grab's adjusted EBITDA margins over its GMV have been improving successively for the past few quarters.

This does look promising, but do note that adjusted EBITDA as specified by Grab in the footnotes does not include net income or expenses, depreciation, amortization, and stock-based compensation.

All successful apps and platforms will share either their daily active users, monthly active users, or both. For Grab, its FY 2022 monthly transacting users (MTU) increased from 571 million to 610 million, which is a 16% growth.

GMV per MTU also eked up higher by 7%. That means that an average monthly transacting user can spend up to USD 610 on Grab!

For FY 2023, Grab will try to scale for a 54-60% growth in revenue, The adjusted EBITDA will be a loss between USD 275 million and USD 325 million. This is a significant jump from its adjusted EBITDA of FY 2022, which came in at a loss of USD 793 million.

In fact, the Group adjusted EBITDA breakeven has been brought forward to Q4'2023, from a previous target of 2H'2024.

Do Grab's latest results and outlook make you confident in investing in Grab?

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