Grab announced its Q1 quarterly earnings recently
TLDR: Money burning continues, but at a slower rate
Q1 performance
Gross Merchandise Value (GMV): USD4.96 bil (+3% yoy)
Rev: USD525 mil (+139% yoy)
Net loss: -USD250 mil (improved 43% from USD435 mil yoy)
1/n
TLDR: Money burning continues, but at a slower rate
Q1 performance
Gross Merchandise Value (GMV): USD4.96 bil (+3% yoy)
Rev: USD525 mil (+139% yoy)
Net loss: -USD250 mil (improved 43% from USD435 mil yoy)
1/n
Grab is more a food delivery + grocery (Jaya Grocer parked under 'Deliveries' segment) than how it started out as ride-hailing biz
Deliveries
GMV: USD2.3 bil
Rev: USD275 mil (52.4% of total rev)
Mobility
GMV: USD1.22 bil
Rev: USD194 bil (36.9% of total rev)
2/n
Deliveries
GMV: USD2.3 bil
Rev: USD275 mil (52.4% of total rev)
Mobility
GMV: USD1.22 bil
Rev: USD194 bil (36.9% of total rev)
2/n
Have you felt like there isn't much promo codes, incentives etc on Grab?
For Deliveries, Grab has reduced it by slightly more than 1/3 yoy
For Mobility, it went up by 10.9% to USD92 mil
Inflation rising, subsidized lifestyle by Grab (and its investors) reducing - sad
3/n
For Deliveries, Grab has reduced it by slightly more than 1/3 yoy
For Mobility, it went up by 10.9% to USD92 mil
Inflation rising, subsidized lifestyle by Grab (and its investors) reducing - sad
3/n
All said and done, Grab still has net cash of USD4.99 bil on its balance sheet after deducting borrowings.
Grab CEO Anthony Tan said the company is on track to breakeven on adjusted EBITDA basis (in plain English, it will be loss making at net level) by Q4.
4/n
Grab CEO Anthony Tan said the company is on track to breakeven on adjusted EBITDA basis (in plain English, it will be loss making at net level) by Q4.
4/n
Is Grab a good investment?
Perhaps so for early investors. Not so for late stage investors
But, on an aggregate level-total invested vs market cap, well... it's market cap at close to USD11bil is lower. than total capital invested of USD16.5 bil. What you do you reckon?
5/5
Perhaps so for early investors. Not so for late stage investors
But, on an aggregate level-total invested vs market cap, well... it's market cap at close to USD11bil is lower. than total capital invested of USD16.5 bil. What you do you reckon?
5/5
Links:
1. Grab Q1 2023 presentation
malaysiakini.com
2. Grab Q1 2023 press release
investors.grab.com
1. Grab Q1 2023 presentation
malaysiakini.com
2. Grab Q1 2023 press release
investors.grab.com
malaysiakini.com/news/665945
K'tan Welfare Dept allocates RM4.5m monthly to help over 9k senior citizens
The department also spends over RM1.3m monthly assisting bedridden patients.
investors.grab.com/news-releases/…
Grab Reports First Quarter 2023 Results | Grab Holdings
Q1 2023 Revenue grew 130% year-over-year to $525 million 1 Q1 2023 Loss for the period improved by 4...
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