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Grab Holdings Beats Quarterly Revenue Estimates

Reuters11-04

Nov 3 (Reuters) - Grab Holdings GRAB.O beat analysts' expectations for third-quarter revenue on Monday, helped by robust consumer spending on its ride-hailing and food-delivery services as its platform expansion draws in more users.

Grab shares rose 2% on the news.

The company reported revenue of $873 million during the period, compared with analysts' average estimate of $872.9 million, according to data compiled by LSEG.

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Comment1

  • Grab is profitable now 3 quarters in a row. Should do well in the future too.
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