Grab’s Q2 loss narrows to US million, but misses analyst estimates

Grab’s Q2 loss narrows to US$53 million, but misses analyst estimates

August 15, 2024 / Sarkiya Ranen /


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.



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Sarkiya Ranen

I am an editor for Ny Journals, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

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