Grab's Path to Profitability Paved by Operating Leverage and AI
GRABGrab (GRAB) pymnts.com·2024-05-17 00:25

In a dynamic operating environment, the path to profitability requires focus and discipline. It also frequently requires cutting costs and finding new efficiencies by using technology. Singaporean super app Grab reported earnings results Wednesday (May 15), announcing a record adjusted core profit and raising its annual forecast. On a call with analysts, the company cited its "relentless" efforts to cut costs, as well as the impact of artificial intelligence in optimizing its operations. "We continue to exe ...