NasdaqGS:GRABTransportation
Grab (GRAB) Stock Quietly Prices In A Sharper Profit Story
Grab Holdings stock inched up 1.4% to US$3.72 into the close, a muted move for what was a very loud quarter. The market treated the print as business as usual. The numbers tell a different story. Q2 basic earnings per share of US$0.06 and net income of US$252 million landed alongside record adjusted EBITDA of US$168 million with a 16.9% margin and a guidance upgrade.
For a ride hailing and delivery platform that spent years chasing volume, this is now a profitability story. The real question...