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[GRAB Q4 Financial Results Overview]
Revenue: Fourth-quarter revenue reached $653 million, up 30% year over year, exceeding analysts' general expectations of $633 million, showing the company's strong momentum in terms of revenue growth.
Net profit: Q4 net profit was US$11 million, a significant improvement compared with a net loss of US$391 million in the same period last year. This improvement is mainly due to an increase in EBITDA, changes in fair value of investments, and a reduction in equity incentive fees.
Earnings per share (EPS): Earnings per diluted share were $0.01, exceeding analysts' expectations of -0.03, compared to -0.1 dollars in the same period last year.
Adjusted EBITDA: $35 million, slightly lower than the forecast of $38.9 million.
Free cash flow: Adjusted free cash flow for the fourth quarter was $1 million.
[Business Performance]
GMV: Total GMV increased 9% year over year, thanks to growth in mobile and delivery businesses.
On-demand GMV: 18% year-on-year increase and 3% month-on-month growth, showing a healthy business growth trend.
Monthly trading users (MTU): 12% year-over-year increase, indicating a steady growth in the user base.
Market and strategy developments
Grab is focusing on becoming a more financially mature company to achieve profit by implementing layoffs and controlling expenses.
After years of rapid expansion, Grab is focusing on increasing profit levels.
Grab and GoTo have restarted discussions on merging their core businesses...
Revenue: Fourth-quarter revenue reached $653 million, up 30% year over year, exceeding analysts' general expectations of $633 million, showing the company's strong momentum in terms of revenue growth.
Net profit: Q4 net profit was US$11 million, a significant improvement compared with a net loss of US$391 million in the same period last year. This improvement is mainly due to an increase in EBITDA, changes in fair value of investments, and a reduction in equity incentive fees.
Earnings per share (EPS): Earnings per diluted share were $0.01, exceeding analysts' expectations of -0.03, compared to -0.1 dollars in the same period last year.
Adjusted EBITDA: $35 million, slightly lower than the forecast of $38.9 million.
Free cash flow: Adjusted free cash flow for the fourth quarter was $1 million.
[Business Performance]
GMV: Total GMV increased 9% year over year, thanks to growth in mobile and delivery businesses.
On-demand GMV: 18% year-on-year increase and 3% month-on-month growth, showing a healthy business growth trend.
Monthly trading users (MTU): 12% year-over-year increase, indicating a steady growth in the user base.
Market and strategy developments
Grab is focusing on becoming a more financially mature company to achieve profit by implementing layoffs and controlling expenses.
After years of rapid expansion, Grab is focusing on increasing profit levels.
Grab and GoTo have restarted discussions on merging their core businesses...
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$Nanofilm(MZH.SG$ wtf happened today?
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$Keppel DC Reit(AJBU.SG$ come report in. time to vote.
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$NIO Inc(NIO.US$ 8 is coming !!!!!!!!! now is the time
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GameStop is expected to report an earnings per share loss (EPS) of 18 cents in its fiscal Q3, per Nasdaq. If true, this would show a deterioration from the company’s Q2 EPS loss of 3 cents. This would put GME on track to record a 12 cent EPS loss for the year.
Analysts are, by and large, bearish on GME. Reasonably so, the once thriving retail video game shop has had little to keep the company afloat. In 2022, the company began transi...
Analysts are, by and large, bearish on GME. Reasonably so, the once thriving retail video game shop has had little to keep the company afloat. In 2022, the company began transi...
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Hi, mooers. Welcome back to Mooers' Stories, where we present mooers' insights and experiences. As the dust settled on the Moomoo US Stocks Paper Trading Competition in Malaysia, @Jcheng01 surged ahead to claim the top spot.
Winning the first prize wasn't a stroke of luck, it might be attributed to the calculated moves and a unique approach. Intrigued by his ascent, we got him on board fo...
Winning the first prize wasn't a stroke of luck, it might be attributed to the calculated moves and a unique approach. Intrigued by his ascent, we got him on board fo...
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$Grab Holdings(GRAB.US$ The short sale volume percent for stock ticker GRAB is 36% on Oct 31, 2023.
The short sale volume is 1,279,850. The total volume is 3,530,009.
The short sale volume percent is down -18% compare to Oct 30, 2023.
The short sale volume is 1,279,850. The total volume is 3,530,009.
The short sale volume percent is down -18% compare to Oct 30, 2023.
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102487453 : if up so much why share price drops today?