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Grab's Q4 net loss nearly doubles to US$1.1b
Pandemic disruptions hit its ride-hailing business; revenue plunges 44% to US$122m
Published Thu, Mar 3, 2022 · 09:50 PM
Singapore
NEW YORK-LISTED Grab sank deeper into the red for the fourth quarter ended Dec 31, chalking up a net loss of US$1.1 billion compared with US$576 million a year earlier after its ride-hailing business suffered from Covid-19 disruptions.
Revenue plunged 44 per cent to US$122 million, with declines in mobility and delivery revenue but an improvement in financial services revenue.
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