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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 $1 million.
[Business Performance]
GMV: Total GMV increased 9% year over year, thanks to growth in mobile and delivery businesses.
On-demand GMV: 18% year-on-year increase and 3% month-on-month growth, showing a healthy business growth trend.
Monthly trading users (MTU): 12% year-over-year increase, indicating a steady growth in the user base.
Market and strategy developments
Grab is focusing on becoming a more financially mature company to achieve profit by implementing layoffs and controlling expenses.
After years of rapid expansion, Grab is focusing on increasing profit levels.
Grab and GoTo have restarted discussions on merging their core businesses...
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$Grab Holdings(GRAB.US$
The short sale volume percent for stock ticker GRAB is 57% on Jun 29, 2023.
The short sale volume is 2,736,935. The total volume is 4,761,778.
The short sale volume percent is up 35% compare to Jun 28, 2023.
Volume and short volume of a stock in the site are obtained from the aggregate volume that reported to FINRA (includes NASDAQ TRF, NYX TRF, ORF), Bats Exchanges (includes Bats BZX Exchange, Bats BYX Exchange, Bats EDGX Exchange and Bats EDGA Exchange) and NASDAQ (i...
The short sale volume percent for stock ticker GRAB is 57% on Jun 29, 2023.
The short sale volume is 2,736,935. The total volume is 4,761,778.
The short sale volume percent is up 35% compare to Jun 28, 2023.
Volume and short volume of a stock in the site are obtained from the aggregate volume that reported to FINRA (includes NASDAQ TRF, NYX TRF, ORF), Bats Exchanges (includes Bats BZX Exchange, Bats BYX Exchange, Bats EDGX Exchange and Bats EDGA Exchange) and NASDAQ (i...
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Good day everyone!
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The Singapore Turf Club has announced that Kranji Racecourse will be closed by March 2027, with the last race to be held in October 2024. More than 120 hectares of l...
Welcome to StockTalk: Daily, Insightfully, Rewardingly!
[Rewards awaiting]
8 points for all mooers who participated in the poll below.
88 points for mooers who share their insightful ideas by commenting down.
The Singapore Turf Club has announced that Kranji Racecourse will be closed by March 2027, with the last race to be held in October 2024. More than 120 hectares of l...
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Solo-man
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$Grab Holdings(GRAB.US$ Just let go GRAB.Lose 0.20.Will buy back at 12 sep monday
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Solo-man
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$Seatrium(S51.SG$ Everyone is secretly in tatters! ..
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Solo-man
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$Context Therapeutics(CNTX.US$ do you guys know if news is coming soon? thogiht Tupac said we can expect something this month.
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$Valneva(VALN.US$ vaccine approvals are announced on Tuesdays and Fridays. Tomorrow could be the day. 🤞🏿🙏🏻👍🏿
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I’ve been running test the last couple of weeks to test a theory. I have several investment accounts. I noticed that every time I mention a stock on here it suddenly crashes and won’t recover until I say to sell it. Today for example I went bought $Sidus Space(SIDU.US$ before it went up and didn’t say anything about it for an hour. It increased the entire time so at 10:40 I posted about it then I went to watch the short sellers report on available shares. They had all of the...
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$Valneva(VALN.US$ I’ll keep holding it down. pick up as many cheap shares as possible. 3000 shorts are available so they can bring it down a little bit more. Remember bigger news is still coming.
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