Swiggy hits EBITDA profitability on its food delivery business. For context, Zomato turned EBITDA profitable in their last quarter (food delivery) as well. Thoughts?
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Surprised to see the hate here. This is a move in the right direction
Haters gonna hate! 🤷🏻♂️
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
All fake shit
Why would you say fake shit?
Because of MMT stock performance 😂
It's real atleast
Path a little more clear for IPO 👍
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.
That is excluding ESOP costs. Another adjusted metric
I have seen the books. They are at least 5 years away from any kind of profitability.
EBITDA is a scam metric to begin with.
EBITDA is a fine metric. Adjusted EBITDA is scam