The loss included a US$173 million non-cash expense from the revaluation of Grab’s equity investments that are marked-to-market each quarter as well as US$111 million in stock-based compensation expense.
Grab has reported a loss of US$572 million ($794 million) for 2QFY2022 ended June, 29% lower than the loss recorded in the previous corresponding quarter at US$801 million.
This is primarily attributed to the elimination of non-cash interest expense of Grab’s convertible redeemable preference shares that converted to ordinary shares in December 2021.
