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Grab Turns Around With $25.9m Profit in Q2 as Revenue Beats Estimates
The Straits Times
|August 01, 2025
Grab Holdings beat Wall Street expectations for second-quarter revenue on July 30, as consumers boosted spending on its ride-hailing and food delivery platform despite global economic uncertainty.
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BENGALURU - Grab Holdings beat Wall Street expectations for second-quarter revenue on July 30, as consumers boosted spending on its ride-hailing and food delivery platform despite global economic uncertainty.
This drove it to a profit of US$20 million ($25.9 million) for the quarter, compared with a US$68 million loss in the same period a year earlier.
Grab's push to turn its platform into a super app — 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.
Dit verhaal komt uit de August 01, 2025-editie van The Straits Times.
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