Checking Grab’s financial pulse

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Hello reader,

We’re in the thick of earnings season – a time when quarterly financial reports begin to stream in and investors re-evaluate company valuations based on the latest financials.

Whiplash patterns in a firm’s stock price charts are common during this period, given the host of variables that are often factored into valuations. So, at first glance, it appears that the market was far from satisfied with Grab’s (GRAB, NDAQ) fourth-quarter earnings.

Shares of Southeast Asia’s biggest ride-hailing and food delivery firm fell over 8% as fears of a slower recovery were amplified after it projected a return to pre-pandemic levels in its ride-sharing business only by the end of the year.

However, a closer look at the numbers will reveal a number of positives for Singapore’s tech darling.

For starters, Grab more than quadrupled its Q4 revenue year on year and forecasts up to a 60% rise in annual revenue this year.

Perhaps more importantly, the tech titan pulled its profitability timeline forward, now expecting to hit adjusted EBITDA breakeven by Q4 2023 instead of the second half of next year, as previously predicted. Rival GoTo Group (GOTO, IDX) set a similar target earlier this month.

This week’s featured piece offers a visual take on Grab’s financial health, following its latest results. The charts provide a unique insight into not only the firm’s current state of affairs but also lay out how it rose to become the Southeast Asian powerhouse it is today.

You can also view this comprehensive visual comparison between each of the six major publicly listed Southeast Asian tech firms that will no doubt come in handy for folks looking to park their investments in the region.

— Shravanth

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THE BIG STORY

Grab’s financial health in 9 charts
We analyze the financial figures reported by the Southeast Asian tech titan.

See also: Grab’s latest lineup of top executives

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3 Trends to keep an eye on

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2 Eye-popping facts

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The one you didn’t see coming

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