Grab beats revenue estimates on strong consumer spending


Signages at the Grab Holdings Ltd. headquarters in Singapore, on Sunday, Aug. 20, 2023.Photographer: Ore Huiying/Bloomberg

GRAB Holdings beat Wall Street expectations for second-quarter revenue on Wednesday, as consumers boosted spending on its ride-hailing and food delivery platform despite global economic uncertainty.

Grab's push to turn its platform into a superapp, integrating ride-hailing, food and grocery delivery, and other digital services, has drawn a growing number of users willing to pay for its subscription plans.

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