What Bloomberg Intelligence Says:

Grab pulling forward its breakeven goal to 3Q from 4Q, along with 2Q revenue and adjusted Ebitda that were 4% and 70% above consensus, underscores the potential of GrabUnlimited. These subscribers generate average spending 3x that of non-subscribers and could deliver a $50-$90 million boost to the 2023 bottom line, we believe.
-Nathan Naidu, analyst

Chief Executive Office Anthony Tan has said the job reductions weren’t a “shortcut to profitability.” He’s said the company was on track become profitable even without the cuts.