Singapore's Grab beats quarterly revenue estimates
04/05/2026 23:20
May 5 (Reuters) - Singapore's Grab GRAB.O beat Wall Street expectations for first-quarter revenue on Tuesday, benefiting from resilient demand for its ride-hailing and food-delivery services after rolling out promotional offers and bundled features to attract customers. The company reported revenue of $955 million in the first quarter, compared with analysts' estimates of $921.1 million, according to data compiled by LSEG. (Reporting by Zaheer Kachwala in Bengaluru and Natalia Bueno Rebolledo in Mexico City; Editing by Jonathan Ananda) ((Zaheer.Kachwala@thomsonreuters.com;))
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