[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Denistratos [@SoJustFollowMe](/creator/twitter/SoJustFollowMe) on x XXX followers Created: 2025-07-19 13:11:47 UTC $GRAB – EXPANDING DOMINANCE IN SOUTHEAST ASIA In Q1’25, the company reported: 🔹 Revenue of $773M (+18% y/y) 🔹 Adjusted EPS of $XXXX (vs -$0.03 a year ago) Guidance for 2025: 🔹 Revenue of $3.33B–$3.40B (+19%–22% y/y) 🔹 EBITDA of $460M–$480M (+47%–53% y/y) GROWTH SLOWING – BUT NOT STALLING Like $UBER, Grab reports in two main segments: Mobility and Deliveries. Total on-demand GMV rose XX% y/y to $4.93B - a slowdown from Q4’24. The Mobility business also decelerated to +17%. That said, in June Grab released performance data for April–May showing GMV growth bouncing back above 20%. Take rate held steady at 14.1%. Margins have stopped expanding for now due to ongoing incentives - but overall, things are stable. GRAB WINS, OTHERS EXIT The bigger picture is much more interesting. Grab keeps gaining ground in Southeast Asia as rivals exit: 🔸 Foodpanda (owned by $DHER) exited Thailand 🔸 Deliveroo $ROO sold its local ops to $DASH 🔸 In the past XX months, four major players have exited various SEA markets Now the field is down to small niche players, ShopeeFood (part of $SE), GoTo $GOTO in Indonesia, and European Bolt, which is already active in the region. With less competition, I expect GMV to stay at the 20%+ plateau. SETTING THE STAGE FOR A DEAL In June, Reuters reported that Grab was preparing a ~$7B acquisition of Indonesian rival GoTo $GOTO. Grab denied it - but media have noted that talks have been on-and-off since 2024. Around the same time, Bloomberg said Indonesia’s sovereign wealth fund #Danantara plans to participate in the deal (possibly to maintain its stake). Then came the convertible debt: $1.25B raised in June - even though Grab already had $5.74B in net cash. That puts ~$7B in liquidity on the table. Whether or not the GoTo deal happens, it looks like Grab is preparing for a large move - potentially a fintech acquisition if not GoTo. VALUATION: EARLY-STAGE, HIGH UPSIDE Grab is still in the early innings of profitability but already trades at ~29x EV/EBITDA and ~1x fwd PEG - solid for a near-monopoly growing EBITDA 40–50% a year. If the GoTo deal goes through, every model will have to be revised - but the direction remains clear: Grab is building a regional empire. At these levels, the stock still looks cheap. #SoJustFollowMe #SoJustMarketAnalytics #StockAnalysis #StocksToWatch  XXXXX engagements  **Related Topics** [$480m](/topic/$480m) [$460m](/topic/$460m) [$340b](/topic/$340b) [$333b](/topic/$333b) [eps](/topic/eps) [$773m](/topic/$773m) [asia](/topic/asia) [southeast asia](/topic/southeast-asia) [Post Link](https://x.com/SoJustFollowMe/status/1946558589407314235)
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Denistratos @SoJustFollowMe on x XXX followers
Created: 2025-07-19 13:11:47 UTC
$GRAB – EXPANDING DOMINANCE IN SOUTHEAST ASIA
In Q1’25, the company reported: 🔹 Revenue of $773M (+18% y/y) 🔹 Adjusted EPS of $XXXX (vs -$0.03 a year ago)
Guidance for 2025: 🔹 Revenue of $3.33B–$3.40B (+19%–22% y/y) 🔹 EBITDA of $460M–$480M (+47%–53% y/y)
GROWTH SLOWING – BUT NOT STALLING
Like $UBER, Grab reports in two main segments: Mobility and Deliveries. Total on-demand GMV rose XX% y/y to $4.93B - a slowdown from Q4’24. The Mobility business also decelerated to +17%.
That said, in June Grab released performance data for April–May showing GMV growth bouncing back above 20%. Take rate held steady at 14.1%. Margins have stopped expanding for now due to ongoing incentives - but overall, things are stable.
GRAB WINS, OTHERS EXIT
The bigger picture is much more interesting. Grab keeps gaining ground in Southeast Asia as rivals exit:
🔸 Foodpanda (owned by $DHER) exited Thailand 🔸 Deliveroo $ROO sold its local ops to $DASH 🔸 In the past XX months, four major players have exited various SEA markets
Now the field is down to small niche players, ShopeeFood (part of $SE), GoTo $GOTO in Indonesia, and European Bolt, which is already active in the region. With less competition, I expect GMV to stay at the 20%+ plateau.
SETTING THE STAGE FOR A DEAL
In June, Reuters reported that Grab was preparing a ~$7B acquisition of Indonesian rival GoTo $GOTO. Grab denied it - but media have noted that talks have been on-and-off since 2024.
Around the same time, Bloomberg said Indonesia’s sovereign wealth fund #Danantara plans to participate in the deal (possibly to maintain its stake).
Then came the convertible debt: $1.25B raised in June - even though Grab already had $5.74B in net cash.
That puts ~$7B in liquidity on the table. Whether or not the GoTo deal happens, it looks like Grab is preparing for a large move - potentially a fintech acquisition if not GoTo.
VALUATION: EARLY-STAGE, HIGH UPSIDE
Grab is still in the early innings of profitability but already trades at ~29x EV/EBITDA and ~1x fwd PEG - solid for a near-monopoly growing EBITDA 40–50% a year.
If the GoTo deal goes through, every model will have to be revised - but the direction remains clear: Grab is building a regional empire.
At these levels, the stock still looks cheap.
#SoJustFollowMe #SoJustMarketAnalytics #StockAnalysis #StocksToWatch
XXXXX engagements
Related Topics $480m $460m $340b $333b eps $773m asia southeast asia