Financial services are Grab’s final hurdle in its push to profitability

Benjamin Cher

Published Wed, Nov 15, 2023 · 05:00 AM

GRAB’S recent cost-cutting measures appear to have paid off.

After slashing incentives and staff costs, the delivery and mobility platform posted its first positive adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) in the third quarter ended September.

Its adjusted Ebitda hit US$29 million in Q3, beating analysts’ consensus of US$9.5 million.

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Grab

GXS Bank

Financial services

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Financial services are Grab’s final hurdle in its push to profitability

Benjamin Cher

KEYWORDS IN THIS ARTICLE

Columns

Climate philanthropy key to South-east Asia’s green transition

Without a game changer, Sentosa Cove condos will continue underperforming

Social media is fragmenting further. Is that really such a bad thing?

Relative measures can be absolutely wrong

If the US economy is robust, why is the yield curve still inverted?

ST Engineering focuses on synergies from US$2.7 billion acquisition to reach greater heights

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