Swiggy hits EBITDA profitability on its food delivery business. For context, Zomato turned EBITDA profitable in their last quarter (food delivery) as well. Thoughts?
They must be making 0.1% profit and calling it profitable. How do you know?
HappyFeet92
Stealth
a year ago
Why do you think its hate? Its an adjusted metric and not the most right accounting practice.
People called out when zomato published adjusted metrics and will call out swiggy for the same. Just because people dont agree with what the company is trying to push out as narrative doesnt mean hate
See more comments
See more comments
After dragging a million nutsacks over shards of broken glass, they have achieved a fraction of profitability. Is it really worth it in the long run?
A lot of companies can become profitable the way swiggy,Zomato,Paytm make adjustments.Profitable should mean zero cash burning and generating positive cash flow.
This is all eyewash
Quite happy to see this happen. Hopefully there's able to scale to better margins.
I'm a big foodie and believer in them.
I have seen the books. They are at least 5 years away from any kind of profitability.
https://twitter.com/ETNOWlive/status/1629136070007996416
American accounting gimmicks.
Noctus
Stealth
a year ago
Swiggy on it's way to dump stocks on retail investors nothing special
hellloworld
Stealth
a year ago
All financial jugglery
they will do whatever their vc bosses will tell them to do..
PaleBirch39
Stealth
a year ago
No numbers, can’t judge how good a smokescreen this is
