Grab Beats First Quarter Revenue Estimates at 955 Million
Grab reported first-quarter revenue of 955 million dollars, beating analyst estimates. Strong demand for ride-hailing and food delivery drove the results.
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GRAB HOLDINGS LTD - CL A reported first-quarter revenue of $955 million on Tuesday, exceeding LSEG estimates of $921.1 million. The Singapore-based firm grew revenue through bundled features and promotional offers for ride-hailing and food-delivery services. Resilient demand across Southeast Asia supported the company's performance.
Grab's $955 million revenue outperformed the $921.1 million anticipated by LSEG analysts. The performance was driven by promotional offers and bundled features rolled out to attract customers.
