Q4 2022 Earnings Report
Q4 2022 Results
Incentives
Q4 2022
Q4 2021
$ In millions
Deliveries
Base
Incentives (¹)
Excess
Incentives(2)
Consumer
Incentives(3)
18.2
101.5
172.5
Total
Incentives
292.2
Base
Excess
Incentives (¹) Incentives(2)
17.5
158.1
Consumer
Incentives(3)
267.7
Total
Incentives
443.3
Mobility
49.4
4.4
26.2
79.9
22.8
19.7
33.1
75.7
Financial Services
0.2
0.0
14.4
14.5
0.2
0.0
30.7
30.9
Enterprise & New Initiatives
0.0
0.0
24.8
24.8
0.0
0.0
33.7
33.7
Total
67.8
105.9
237.8
411.5
40.5
177.9
365.1
583.5
Q4 2022
Q4 2021
As a % of GMV(4)
Base
Excess
Incentives(1) Incentives(2)
Consumer
Incentives(3)
Total
Incentives
Base
Incentives(1)
Excess
Incentives(2)
Consumer
Incentives(3)
Total
Incentives
Deliveries
0.8%
4.3%
7.3%
12.4%
0.7%
6.5%
11.0%
18.2%
Mobility
4.3%
0.4%
2.3%
7.0%
3.0%
2.6%
4.3%
9.9%
Financial Services
0.0%
0.0%
1.0%
1.0%
0.0%
0.0%
2.5%
2.5%
Enterprise & New Initiatives
0.0%
0.0%
54.3%
54.3%
0.0%
0.0%
65.6%
65.6%
Total
1.4%
2.1%
4.8%
8.2%
0.9%
4.0%
8.1%
13.0%
Note: Q4 2021 and Q4 2022 are based on unaudited numbers. 1. Base incentives refer to the amount of incentives paid to driver and merchant-partners up to the amount of commissions and fees earned by Grab from those driver- and merchant-partners. 2. Excess incentives refer to payments
made to driver- and merchant-partners that exceed the amount of commissions and fees earned by Grab from those driver- and merchant-partners. 3. Consumer incentives refer to discounts and promotions offered to consumers. 4. Calculated as a percentage of segment GMV (for Deliveries,
Mobility, Financial Services and Enterprise & New Initiatives) and Group GMV (for Total). GMV means gross merchandise value, an operating metric representing the sum of the total dollar value of transactions from Grab's services, including any applicable taxes, tips, tolls and fees, over the
period of measurement.
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