Reported about 2 months ago
Grab Holdings' second-quarter revenue of $664 million missed analysts' expectations due to slower growth in its food delivery and ride-share businesses, along with foreign exchange challenges. The company experienced an 11% revenue growth in food deliveries, down from previous quarters, and saw its shares drop 5% as a result. Despite this setback, Grab maintained its full-year revenue forecast and remained optimistic about future growth fueled by investments in new products.
Source: YAHOO