In today’s briefing:
- Grab: Strong Earnings Beat Fails to Impress Market as Growth Rates Decelerating
Grab: Strong Earnings Beat Fails to Impress Market as Growth Rates Decelerating
- Grab Holdings (GRAB US) ’s share price dropped by about 15% despite reported revenue and adjusted EBITDA losses beating consensus estimates.
- Deliveries’ growth has started falling as more people preferring to dine-out. Grab’s incentive optimisation also has contributed to the fall in growth rates.
- Grab’s aggressive ambitions to turn around profitability is a significant downside risk as it will impact growth going forward and force the company to invest back on growth.
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