The loss included a US$42 million non-cash expense from fair value changes on investments as well as US$90 million in non-cash stock-based compensation expense.
Grab has reported a loss of US$342 million ($467 million) for 3QFY2022 ended September, 65% lower than the loss recorded in the previous corresponding quarter at US$988 million.
Similar to the previous quarters, this is primarily attributed to the elimination of the non-cash interest expense of Grab’s convertible redeemable preference shares that converted to ordinary shares in December 2021.
