Revenue for the three months is US$664 million, rising 17 per cent on-year from US$567 million, driven by growth across all segments
NASDAQ-LISTED Grab on Thursday (Aug 15) posted a loss of US$53 million for the second quarter ended Jun 30, trimmed from a US$135 million loss in the corresponding year-ago period.
The improved loss, however, missed estimates of a US$43.4 million loss in a poll of eight analysts by Bloomberg.
Revenue for the three months was US$664 million, rising 17 per cent on-year from US$567 million, driven by growth across all segments, said Grab. It failed to meet an estimate of US$676.9 million in a 15-analyst Bloomberg poll.
