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