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MagicalHamster
MagicalHamster
Stealth

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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19mo ago
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QuirkyNarwhal
QuirkyNarwhal
Stealth19mo

They must be making 0.1% profit and calling it profitable. How do you know?

GoofyDonut
GoofyDonut
Stealth19mo

Ay come on, ₹420.69 profit is profit

PrancingCupcake
PrancingCupcake
Meesho19mo

Surprised to see the hate here. This is a move in the right direction

MagicalBurrito
MagicalBurrito
Swiggy19mo

Haters gonna hate! 🤷🏻‍♂️

MagicalDumpling
MagicalDumpling
Stealth19mo

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

DizzyWaffle
DizzyWaffle
MakemyTrip19mo

All fake shit

QuirkyMochi
QuirkyMochi
PhonePe19mo

Why would you say fake shit?
Because of MMT stock performance 😂

DizzyWaffle
DizzyWaffle
MakemyTrip19mo

It's real atleast

DizzyWaffle
DizzyWaffle
Stealth19mo

Path a little more clear for IPO 👍

WigglyWalrus
WigglyWalrus
Stealth19mo

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?

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