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Peter Oey, CFO of the Southeast Asian ride-hailing and delivery company, discusses its results and says it'll invest in a "new set of features," among other things.
Despite a recent decline in the leading economic index, the U.S. economy is positioned for a positive future in 2024. Strong employment and robust stock levels contribute to the optimistic outlook.
Indonesian tech giant GoTo in a Tuesday filing said it is "not having any discussion on such matters."
GoTo has denied that it is in merger talks with Grab Holdings. The company said in a Tuesday (Feb. 13) filing that it “is not having any discussion on such matters,” Reuters reported Tuesday.
NEW YORK, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Grab Holdings Limited (NASDAQ: GRAB, the “Company” or “Grab”), plans to announce its unaudited fourth quarter and full year 2023 results before the U.S. market opens on February 22, 2024.
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Grab achieved its first positive EBITDA quarter, revenue growth in all 4 segments, and 36 million monthly transacting users. Grab is close to becoming profitable by the end of 2024. Buying GRAB stock now could be the key to achieving gains if the company can turn a profit.
Grab finally hits its positive EBITDA milestone. Next up is positive free cash flow. Further top and bottom-line growth should re-rate the stock over time.
Singapore's Grab has logged its first profit on an adjusted basis as it looks to expand. The ride-hailing and delivery giant shared that news as it released quarterly earnings on Thursday (Nov. 9).
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