Record On-Demand GMV Growth
On-demand GMV accelerated to 20% year-on-year, marking the strongest quarter ever for Grab.
Positive Group Adjusted EBITDA
Grab achieved its first full year of positive group adjusted EBITDA of $313 million, at the upper end of upgraded guidance.
Significant Increase in Transacting Users
Achieved a new record of 44 million MTUs, representing a 17% growth year-on-year.
Financial Services Expansion
GXS in Singapore doubled their loans year-on-year, and financial services are expected to be profitable by the second half of next year.
Strong Ecosystem and Cross-Sell Performance
Users transacting in both Food and Mart have average spend 4x higher and frequency uplifts 2.5x higher.
Increased Advertising Revenue
Penetration of GMV for advertising improved to 1.7% from 1.4% last year.