Everyone's Talking About Uber. Smart Money Is Watching Grab's Profitability Inflection Instead
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Everyone's Talking About Uber. Smart Money Is Watching Grab's Profitability Inflection Instead
"Uber's Q4 2025 net income collapsed 95.6% year over year on a $1.6B equity revaluation charge, while non-GAAP EPS of $0.71 missed the $0.78 consensus by 8.83%."
"Grab Holdings just delivered its first full year of net profit, posting $200M in FY2025 versus a $158M loss in 2024, with revenue rising 20%."
"Management is targeting $1.5B in adjusted EBITDA by 2028, indicating a strong growth trajectory compared to Uber's current financial struggles."
Uber's financial performance has deteriorated, with a 95.6% drop in Q4 2025 net income and a significant equity revaluation charge. Shares have declined 10.72% year to date. In contrast, Grab Holdings achieved its first full year of net profit, reporting $200M in FY2025. Grab's revenue increased by 20%, and it has a growing loan book and deposits in Southeast Asia. Management projects substantial revenue and EBITDA growth, indicating a strong operational setup compared to Uber's challenges.
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