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Stock Market News

Singapore’s Grab reports 79% rise in quarterly revenue

08/25/2022

Less than a minute

2022.08.25 14:14

Singapore's Grab reports 79% rise in quarterly revenue
FILE PHOTO: A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore March 21, 2019. REUTERS/Anshuman Daga

(Reuters) – Singapore’s Grab Holdings Ltd reported a 79% rise in quarterly revenue on Thursday, powered by a surge in demand for rideshare as offices reopen across Southeast Asia.

Revenue for the second quarter was $321 million.

Loss for the period narrowed to $572 million, from $801 million a year earlier.

Source

08/25/2022

Less than a minute