{"version":"1.0","provider_name":"Market Newsdesk","provider_url":"https:\/\/www.marketnewsdesk.com","author_name":"Newsdesk","author_url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/","title":"Grab Reports First Quarter 2023 Results - Market Newsdesk","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"flHTjv3yMo\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/grab-reports-first-quarter-2023-results\/\">Grab Reports First Quarter 2023 Results<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.marketnewsdesk.com\/index.php\/grab-reports-first-quarter-2023-results\/embed\/#?secret=flHTjv3yMo\" width=\"600\" height=\"338\" title=\"&#8220;Grab Reports First Quarter 2023 Results&#8221; &#8212; Market Newsdesk\" data-secret=\"flHTjv3yMo\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/www.marketnewsdesk.com\/wp-includes\/js\/wp-embed.min.js\n<\/script>\n","description":"\u00a0Grab Reports First Quarter 2023 Results Q1 2023 Revenue grew 130% year-over-year to $525 million1 Q1 2023 Loss for the period improved by 43% year-over-year to $250 million Q1 2023 Adjusted EBITDA improved by 77% year-over-year to $(66) million, with Deliveries Segment Adjusted EBITDA margins at an all time high \u00a0 SINGAPORE&#8211;(BUSINESS WIRE)&#8211; Grab Holdings Limited (NASDAQ: GRAB) today announced unaudited financial results for the first quarter ended March 31, 2023. \u201cThis quarter, we reported another solid set of results which reflects our disciplined focus to drive sustainable growth and profitability. Our revenues for the quarter more than doubled year-over-year (\u201cYoY\u201d)1, while we reduced our Adjusted EBITDA losses by 77% YoY,\u201d said Anthony Tan, Group Chief Executive Officer and Co-Founder &hellip; Continue reading \"\"","thumbnail_url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230518005395r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en"}