Everyone’s Talking About Uber. Smart Money Is Watching Grab’s Profitability Inflection Instead

The information underneath the headlines tells a antithetic story.

The Uber communicative has softly breached down underneath the noise. Q4 2025 nett income collapsed 95.6% twelvemonth implicit twelvemonth connected a $1.6B equity revaluation charge, portion non-GAAP EPS of $0.71 missed the $0.78 statement by 8.83%. Shares are down 10.72% twelvemonth to day and 14.61% implicit the past year, trading astatine $72.95 against a guardant P/E of 22x. Reddit's ascendant thread present asks "If the taxi/rideshare drivers suffer their jobs to robotaxis, however volition Uber marque money?", with sentiment scores parked successful the bearish 32 to 42 range. The bull lawsuit has narrowed to a speculative AV stake connected a mature, US-centric footprint carrying $10.52B successful semipermanent indebtedness and rising security reserves. That is simply a crowded commercialized dressed up arsenic a maturation story.

The amended superapp setups beryllium offshore, monetizing mobility, delivery, and fintech nether 1 extortion successful regions wherever banking and e-commerce are inactive being built from scratch.

The expert who called NVIDIA successful 2010 conscionable named his apical 10 stocks and Grab wasn't 1 of them. Get them present FREE.

Grab: The Profitability Inflection Nobody Is Pricing

Grab Holdings (NASDAQ:GRAB) conscionable delivered its archetypal afloat twelvemonth of nett profit, posting $200M successful FY2025 versus a $158M nonaccomplishment successful 2024. Three reasons the setup stands out:

• Earnings inflection with operating leverage. FY2025 gross roseate 20% to $3.37B, adjusted EBITDA jumped 60% to $500M, and FY2026 guidance calls for $4.04B to $4.10B successful gross and $700M to $720M successful adjusted EBITDA. Management is targeting $1.5B successful adjusted EBITDA by 2028.

• A determination slope embedded wrong the app. The GXS and GXBank indebtedness publication much than doubled to $1.18B, with $1.6B successful deposits crossed underbanked Southeast Asia, wherever Grab operates successful 8 countries and implicit 900 cities and conscionable crossed 50 cardinal Monthly Transacting Users.

• Capital instrumentality arriving early. Management authorized a $500M stock repurchase against a $14.84B marketplace cap, and the merchantability broadside is leaning successful with 26 bargain oregon beardown bargain ratings against 1 clasp and zero sells.

MercadoLibre: The Compounding Machine

MercadoLibre (NASDAQ:MELI) keeps compounding astatine scale, 4th aft quarter, with a fintech motor bolted onto a determination e-commerce monopoly. Three points:

• 27 consecutive quarters of 30%-plus gross growth. Q4 2025 gross deed $8.76B, up 44.6% twelvemonth implicit year, beating consensus, with FY2025 gross of $28.89B (+39.06%) and nett income of $1.997B.

• A fintech flywheel wrong an e-commerce engine. The recognition portfolio expanded 90% YoY to $12.5B, fintech MAUs reached 78 cardinal (+28% YoY), and full outgo measurement printed $83.7B (+42.1%). Q4 advertizing gross grew 67% FX-neutral.

• Structural runway. Latin American e-commerce penetration sits astatine astir fractional the level of the US, UK, and China, portion less than 20% of Mexicans and lone 40% of Argentines clasp a recognition card. The archetypal China-to-LatAm fulfillment halfway opened successful December 2025.