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Grab Holdings Reports QTRLY Loss $1,100 Million Versus $635 Million

Reuters2022-03-03

Grab Holdings:Grab Holdings - Qtrly Loss $1,100 Million Versus $635 Million.Grab Holdings - Average Spend Per User Increased By 23% Yoy To $173 In Quarter.Grab Holdings - Qtrly Revenue Was $122 Million, A 44% Decline.Grab Holdings - Qtrly Gmv Grew 26% Yoy To Reach $4.5 Billion; Qtrly Mobility Gmv Declined 11% Yoy.Grab Holdings - Q4 Deliveries Gmv Grew 52% Yoy To $2.4 Billion.Grab Holdings - Sees Q1 Deliveries Gmv To Be Between $2.4 Billion To $2.5 Billion, Sees Q1 Mobility Gmv To Be Between $0.75 Billion To $0.80 Billion.Grab Holdings - Sees Q1 Financial Services Pre-Interco Tpv To Be Between $3.1 Billion To $3.2 Billion.Grab Holdings - Grab Further Expects Gmv Growth For Each Of Quarters From Q2 To Q4 2022 To Accelerate To 30 %- 35% Yoy.Grab Holdings - Progressing Towards Core Food Delivery Segment Adjusted Ebitda Breakeven By H1 Of 2023.Grab Holdings - Progressing Towards Deliveries Segment Adjusted Ebitda Breakeven By End Of 2023. ((Reuters.Briefs@Thomsonreuters.Com;;)).

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