Grab expects to break even sooner as losses shrink 74%, revenue surges 77% in Q2

Grab expects to break even sooner as losses shrink 74%, revenue surges 77% in Q2

Source: LinkedIn

Southeast Asian super app Grab Holdings Ltd, on Wednesday, reported that its losses fell 74% year-on-year to $148 million in the second quarter of 2023 (Q2 2023), from $572 million in the same period of 2022.

Edited by: Pramod Mathew

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