![](https://wp-static.smartkarma.com/../assets/uploaded/2023/05/DailyBriefSingaporeGrabHoldingsandmore.png)
In today’s briefing:
- Grab: Strong Earnings Beat Fails to Impress Market as Growth Rates Decelerating
Grab: Strong Earnings Beat Fails to Impress Market as Growth Rates Decelerating
- Grab Holdings (GRAB US) ’s share price dropped by about 15% despite reported revenue and adjusted EBITDA losses beating consensus estimates.
- Deliveries’ growth has started falling as more people preferring to dine-out. Grab’s incentive optimisation also has contributed to the fall in growth rates.
- Grab’s aggressive ambitions to turn around profitability is a significant downside risk as it will impact growth going forward and force the company to invest back on growth.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars