Tag: NASDAQ: GRAB

  • Meituan not buying Foodpanda after all

    Meituan not buying Foodpanda after all

    Reported by Business Times, Meituan’s recent announcement of not pursuing the acquisition of foodpanda has come as a significant relief for Grab. This decision by the Chinese food delivery giant has lifted a major concern for Grab’s stock prices. Rumors had circulated that Meituan, a leader in China’s food delivery sector, might acquire foodpanda. These…

  • Grab Achieves Profit on Adjusted Basis

    Grab Achieves Profit on Adjusted Basis

    Grab has hit a significant financial milestone. For the first time since its inception in 2012, Grab has reported a profit on an adjusted basis, a promising development for investors concerned about the company’s profitability. In the quarter ending September, Grab posted an adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $29 million,…

  • Grab aims to break even by H2 2024

    Grab aims to break even by H2 2024

    It will be interesting to see how Grab make the economics work for Grab rides and food, considering South East Asia is a highly competitive market. Grab Sees Slowing Growth As It Aims To Break Even By Second Half 2024 Grab Holdings said it’s aiming to breakeven by the second half of 2024 on an…