GRAB - Uber Rival Grab Posts First Profitable EBITDA In Q3 Speeds Past Revenue Estimates | Benzinga
Grab Holdings Limited (NASDAQ: GRAB) reported third-quarter FY23 revenue growth of 61% year-on-year (62% year-on-year on a constant currency basis) to $615 million, beating the consensus of $590.6 million. EPS loss of $(0.02) was in-line with the consensus.
Revenue for the Deliveries segment rose 79% year-on-year (82% year-on-year on a CC basis) to $306 million, driven by reduced incentives, GMV growth, and a change in the business model.