Singapore’s Grab Falls After Reporting Wider-Than-Estimated Loss

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Singapore’s Grab Falls After Reporting Wider-Than-Estimated Loss

Bloomberg2022-08-26

Grab Holdings Ltd. shares tumbled after it reported a wider loss than analysts had estimated, a sign of the challenges in turning its ride-hailing and delivery businesses profitable.The Singapore-...

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慢的老人
·2022-08-26
$Grab Holdings(GRAB)$onto your seats for a wild ride. Waiting for the next catalyst or breakthrough.
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imsomeonelse
·2022-08-26
Huhu always losing money
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dragon dog
·2022-08-26
They have to ask themselves if Uber can do it why can't Grab? Where is the money leaking to
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nxw
·2022-08-26
Good
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yeo
·2022-08-26
Grab a joke
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superguy276
·2022-08-26
Ok
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melson
·2022-08-26
baby steps
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UTOtrader
·2022-08-26
T
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Still, that was more than the $335 million loss analysts had projected, according to data compiled by Bloomberg. Grab shares tumbled 12% in US trading and are now down more than 55% this year.Grab’s revenue rose a better-than-expected 79% to $321 million, buoyed by resilient demand from consumers who continued to hail rides and order food despite worsening inflation. That beat the $273.1 million average of analysts’ estimates compiled by Bloomberg.Grab, which had been one of Southeast Asia’s hottest startups and is led by Anthony Tan, has struggled since it went public via a merger with a US blank-check company last year. Its shares have dropped since then as losses piled up during pandemic-era lockdowns and money-losing companies have fallen out of favor with investors.To combat the downturn in ride-hailing, Grab had pivoted to expand into groceries and made a significant investment. 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Waiting for the next catalyst or breakthrough.","listText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$</a><v-v data-views=\"0\"></v-v>onto your seats for a wild ride. Waiting for the next catalyst or breakthrough.","text":"$Grab Holdings(GRAB)$onto your seats for a wild ride. Waiting for the next catalyst or breakthrough.","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995551804","repostId":1175576878,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9995592459,"gmtCreate":1661478788773,"gmtModify":1676536527330,"author":{"id":"3572697049328629","authorId":"3572697049328629","name":"imsomeonelse","avatar":"https://community-static.tradeup.com/news/dfb0163ed9ade7873cd9b13cd0c2821c","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":7,"crmLevelSwitch":0},"htmlText":"Huhu always losing money","listText":"Huhu always losing money","text":"Huhu always losing money","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995592459","repostId":1175576878,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9995590572,"gmtCreate":1661478060798,"gmtModify":1676536527167,"author":{"id":"4112861117016712","authorId":"4112861117016712","name":"dragon dog","avatar":"https://community-static.tradeup.com/news/5d481067e1c28769c62f4bdec1bfb603","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"They have to ask themselves if Uber can do it why can't Grab? Where is the money leaking to","listText":"They have to ask themselves if Uber can do it why can't Grab? Where is the money leaking to","text":"They have to ask themselves if Uber can do it why can't Grab? Where is the money leaking to","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995590572","repostId":1175576878,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9995507988,"gmtCreate":1661477871946,"gmtModify":1676536527100,"author":{"id":"3555755639757611","authorId":"3555755639757611","name":"nxw","avatar":"https://static.tigerbbs.com/0a3041e78835567c8db5934504534a17","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995507988","repostId":1175576878,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9995504644,"gmtCreate":1661477829590,"gmtModify":1676536527085,"author":{"id":"3558440698099291","authorId":"3558440698099291","name":"yeo","avatar":"https://static.tigerbbs.com/f2ac157a0de74e3fac334b84c7779a75","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":0},"htmlText":"Grab a joke","listText":"Grab a joke","text":"Grab a joke","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995504644","repostId":1175576878,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9995506310,"gmtCreate":1661477652532,"gmtModify":1676536526998,"author":{"id":"3581742304418428","authorId":"3581742304418428","name":"superguy276","avatar":"https://community-static.tradeup.com/news/5f105caf8fed30c91023f6d925c3da5d","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995506310","repostId":1175576878,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9995508622,"gmtCreate":1661477604969,"gmtModify":1676536526982,"author":{"id":"4123471905369072","authorId":"4123471905369072","name":"melson","avatar":"https://community-static.tradeup.com/news/fe7079b4776e26217c92d8df6830df10","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":6,"crmLevelSwitch":1},"htmlText":"baby steps","listText":"baby steps","text":"baby steps","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995508622","repostId":1175576878,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9995501711,"gmtCreate":1661477521335,"gmtModify":1676536526964,"author":{"id":"3574547619690492","authorId":"3574547619690492","name":"UTOtrader","avatar":"https://static.tigerbbs.com/82be6befb29ac8516e463638d3f659d5","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"T","listText":"T","text":"T","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995501711","repostId":1175576878,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":67,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}