Grab Holdings (NASDAQ: GRAB) reported Q4 revenue of $122 million, versus $219 million reported last year.

• 2021 GMV grew 29% year-over-year (“YoY”) to $16.1 billion, and Q4 GMV grew 26% YoY to $4.5 billion
• Deliveries continues to outperform with GMV growing 56% YoY in 2021, and 52% YoY in Q4

Company Outlook:

Coming off Q4 which is a seasonally strong quarter, for Q1 2022 Grab currently expects:

• Deliveries GMV to be between $2.4 billion to $2.5 billion
• Mobility GMV to be between $0.75 billion to $0.80 billion
• Financial Services Pre-InterCo TPV to be between $3.1 billion to $3.2 billion

Grab further expects GMV growth for each of the quarters from Q2 to Q4 2022 to accelerate to 30 - 35% YoY, subject to shifts in the COVID-19 environment.

Looking beyond 2022, Grab is progressing towards core food delivery Segment Adjusted EBITDA breakeven by the first half of 2023 and deliveries Segment Adjusted EBITDA breakeven by the end of 2023. In the long term, Grab is targeting steady state Adjusted EBITDA to GMV margins of 12% in mobility and 3% in deliveries.

For earnings history and earnings-related data on Grab Holdings (GRAB) click here.