Grab released their earnings yesterday. It seems 2022 had been a good year for the business, although I can’t say the same for shareholders (-52.7% in 2022). What’s the future for Grab and is there any good news for shareholders? Let’s take a look. Key Results:

• 4Q22 Revenue of $502M beats the estimate by 24.7%
• Full year Revenue came in at $1.43 billion, beating guidance of $1.32 – $1.35 billion.
• Earnings per share was at -$0.1, which missedestimates by $0.04.
• Gross merchandise value (GMV) growth was up 30%

Still in losses, but the net losses is narrowing While revenues are up, unfortunately Grab is still making losses. Although that is common for young companies in the growth stage, the current climate doesn’t bode well. That said, Grab has been narrowing their losses with aggressive cost cutting, especially in their incentives: They reported losses for 4Q22 at $391M, down 64% from the previous quarter. Full year losses were at $1.7B, down 51% compared to 2021....