Q4 2022 Earnings Report
Business Update
Improving driver-partner productivity
We continue to focus on
improving the efficiency of
our platform
27%
Reduction in driver wait time (1) YoY%
(Q4 2022 vs Q4 2021)
Improving productivity levels
can drive higher earnings for
our driver-partners...
+13%
Earnings per transit hour(2) YOY%
(Q4 2022 vs Q4 2021)
... which enables us to
keep driver-partner
retention at healthy levels
87%
Driver-partner retention rate (3)
(Q4 2022)
Note: 1. Calculated as the year-on-year reduction in average idle wait time of our driver-partners spent at Food merchant-partners over the measurement period 2. Calculated as the average year-on-year change in driver-partner earnings per transit hour over the measurement period
3. Defined as the number of driver-partners who have remained on the Grab platform over the measurement period
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