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Benzinga
Benzinga
Business
Anusuya Lahiri

SHOCKING: Here s why grab shares are plunging post q4 results - You Need To See This

Grab Holdings Inc (NASDAQ:GRAB) reported a fourth-quarter FY21 revenue decline of 44% year-on-year to $122 million.

Revenue for Deliveries declined 98% Y/Y to $1 million as Grab invested in incentives. Mobility revenue was $105 million, down 27% Y/Y as Grab invested in driver incentives.

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