Grab beats revenue estimates on strong consumer spending
Alex Graur
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. While ongoing U.S. trade negotiations have cast a cloud over global economic stability,
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