Grab's Q1 loss narrows to US$115 million; raises adjusted Ebitda target
Grab reported a net loss of US$115 million for the first quarter of 2024, narrowing 54 per cent from its loss of US$250 million a year prior.
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Grab reported a net loss of US$115 million for the first quarter of 2024, narrowing 54 per cent from its loss of US$250 million a year prior.
Alex Hungate wants people to think of the Southeast Asian startup as a data science company, not a ride-hailing and food delivery firm.
Grab reported a net income of $11 million in Q4 2023, its first-ever quarterly profit, compared to a $391 million net loss the year before.
Grab Holdings Limited beats earnings expectations. Reported EPS is $0.01, expectations were $-0.08.
Grab reported its first-ever quarterly profit, despite a cautious outlook for annual sales as its ridesharing and food delivery operations recover.