grab profitability

Feb

Grab made a profit in Q4 but challenges remain

Given that ride hailing and food delivery tend to burn cash, Grab’s profitable fourth quarter augurs well for the Singapore-based company, especially considering brisk growth in its fintech services. However, we should keep in mind that it was a modest profit of US$11 million, which seems to have come about…

Nov

Asia Banking Research

Has Grab turned a corner?

Grab, founded in 2012, hit a milestone in the third quarter: It recorded its first profit on an adjusted EBITDA basis. The Singapore-based platform company is better known for burning almost unfathomable amounts of cash in a race to build scale, so adjusted EBITDA of US$29 million is a significant…

Nov

Fintech Research

It’s crunch time for Southeast Asian platform companies

Southeast Asia’s preeminent platform companies are adjusting to a painful new reality: More is not always better. Sea Group, Grab and GoTo have all expanded at a torrid pace amid a free flow of venture capital funding that only recently started to dry up with the end of ultra-low interest…

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