GRAB - Grab Initiates First-Ever Share Buyback Investors React Cautiously To Shaky FY24 Outlook | Benzinga
Grab Holdings Limited (NASDAQ:GRAB) reported fourth-quarter fiscal 2023 revenue growth of 30% year-on-year (30% year-on-year on a constant currency basis) to $653.00 million, beating the consensus of $628.98 million.
EPS of $0.01 beat the consensus loss of $(0.01). The stock price declined after the results.
Revenue for the Deliveries segment rose 20% year-on-year (21% year-on-year on a CC basis) to $321 million, driven by reduced incentives, GMV growth, and a change in the business model.
Mobility revenue was $237 million, up 26% year-on-year (24% year-on-year on a CC basis) as Southeast Asia ...