[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...