Revenue for the 4QFY2023 grew by 30% y-o-y to US$653 million due to revenue growth across all segments and a further reduction in incentives.
Grab Holdings has reported earnings of US$11 million ($14.8 million) for the 4QFY2023 ended Dec 31, 2023, its first quarterly profit. In comparison, the ride-hailing company reported losses of US$391 million in the 4QFY2022.
For the FY2023, the group still made a loss of US$485 million, albeit at a 72% y-o-y improvement.
