Grab Shares

NEW YORK: Shares in Grab tumbled 37% on Thursday after South-East Asia's No. 1 ride-hailing and food delivery firm posted a US$1.1bil (RM4.6bil) quarterly ...

Still, the incentives managed to boost gross merchandise volume (GMV), a measure of transaction volumes, which rose 26%. The loss for the whole year ballooned to US$3.56bil (RM14.9bil) versus US$2.75bil (RM11.5bil) in 2020. But the incentives ate into sales in the fourth quarter ended Dec 31 – the first it has reported as a public company – which slumped 44% to US$122mil (RM510mil).