Cautious spending, retail partners help Grab hit EBITDA breakeven in deliveries

Cautious spending, retail partners help Grab hit EBITDA breakeven in deliveries

Investors in Southeast Asian superapp Grab — who have seen the price of the company’s Nasdaq-listed shares more than halve this year — may finally get to see light at the end of the tunnel. The Singapore-based company’s third quarter results showed some signs that the company is moving towards profitability, at least in some segments of its operations.