【GRAB Q4 Financial Performance Overview】
Revenue: The revenue in the fourth quarter reached $0.653 billion, a 30% year-on-year growth, exceeding the analysts' general expectation of $0.633 billion, demonstrating the company's strong momentum in revenue growth.
Net Income: The Q4 net income is $11 million, a significant improvement compared to the net loss of $0.391 billion in the same period last year. This improvement is mainly attributed to the increase in EBITDA, investment fair value changes, and the reduction in stock-based incentive costs.
Earnings Per Share (EPS): The diluted EPS is $0.01, exceeding the analysts' expectation of -$0.03, compared to -$0.1 for the same period last year.
Adjusted EBITDA: $35 million, slightly below the expected $38.9 million.
Free cash flow: Fourth quarter adjusted free cash flow is $1 million.
[Business Performance]
GMV: Total GMV year-on-year growth of 9%, attributed to the growth of mobile and delivery services.
On-demand GMV: up 18% year-on-year, up 3% quarter-on-quarter, demonstrating a healthy business growth trend.
Monthly Transaction Users (MTU): up 12% year-on-year, indicating stable growth of user base.
Market and Global Strategy Dynamics
Grab is focusing on becoming a financially more mature company by implementing layoffs and expense control to achieve profitability.
After years of rapid expansion, Grab is now focusing on improving its profit levels.
Grab and GoTo have restarted discussions about merging their core businesses...