What is the performance of grab Q2?

What is the performance of grab Q2? Grab has delivered a 77% jump in its second-quarter revenue. The company has also boosted its adjusted EBITDA outlook for the full year. Southeast Asian superapp Grab Holdings (NASDAQ:GRAB) delivered robust second-quarter numbers, with revenue soaring 76.6% year-over-year to $567 million.

What are the results of grab Q2 2023?

Financial measures: Revenue grew 77% YoY to $567 million in the second quarter of 2023, or 81% on a constant currency basis², attributed to growth across all our segments, continued incentive optimization and a change in business model for certain delivery offerings in one of our markets¹.

Is Grab going to be profitable?

Grab Holdings is bordering on breakeven, according to the 21 American Transportation analysts. They anticipate the company to incur a final loss in 2024, before generating positive profits of US$23m in 2025. Therefore, the company is expected to breakeven roughly 2 years from now.

Who owns most Grab?

Grab Holdings Stock Ownership FAQ Sb Investment Advisers Uk Ltd is the largest individual Grab Holdings shareholder, owning 709.27M shares representing 18.17% of the company. Sb Investment Advisers Uk Ltd's Grab Holdings shares are currently valued at $2.43B.

Is Grab still not profitable?

Grab is largely unprofitable, amassing billions of dollars in losses since its inception. But on Wednesday, Grab pushed forward its breakeven target to the third quarter. It previously forecast it would hit break even in the fourth quarter. For 2023, Grab expects revenue between $2.2 billion and $2.3 billion.

Is Grab still in debt?

Grab Holdings Long Term Debt 2020-2023 | GRAB Grab Holdings long term debt for the quarter ending June 30, 2023 was $0.658B, a 67.34% decline year-over-year. Grab Holdings long term debt for 2022 was $1.248B, a 38.55% decline from 2021. Grab Holdings long term debt for 2021 was $2.031B, a 1729.73% increase from 2020.

Is Grab being sued?

A class action lawsuit has been filed on behalf of those who purchased or acquired Grab Holdings Limited (“Grab”) (NASDAQ: GRAB; GRABW) securities between August 2, 2021 and March 3, 2022, inclusive (the “Class Period”).

Who invest in GRAB?

Grab's investors include venture and hedge funds, automobile companies and other ride-hailing firms. Investors include Japan's Softbank Group and MUFG, Booking Holdings, Toyota and Microsoft.

Is Grab a bad investment?

Grab's top-line growth is impressive, but it's still deeply unprofitable. Its net loss widened from $2.75 billion in 2020 to $3.56 billion in 2021, as its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) loss widened from $780 million to $842 million.

How successful is Grab?

As of 2022, Grab had over 160 million downloads across Southeast Asia and over 5 million drivers on its platform. The company's services extend beyond ride-hailing, including food delivery and financial services, and it has become a staple of everyday life for many people in the region.

Why is Grab struggling?

Grab struggles to reach profitability due to a decrease in customer spending as interest rates and inflation soar.

Is Grab a good buy now?

Grab's analyst rating consensus is a Strong Buy. This is based on the ratings of 14 Wall Streets Analysts. How can I buy shares of GRAB? Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.

Does Grab have a future?

In 2022, small merchants on Grab saw a 26% increase in average monthly earnings after a year on the platform. Still, despite boasting over 32 million monthly users and expecting revenue of $2.2 billion in 2023, Grab has yet to turn a profit, with Tan expecting to finally break even by year's end.