ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/grab-holdings” target=”_blank”>Grab Holdings beat Wall Street expectations for ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/first-quarter-revenue” target=”_blank”>first-quarter revenue on Tuesday, as the company benefited from strong spending on its ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/ride-hailing” target=”_blank”>ride-hailing and ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/food-delivery” target=”_blank”>food delivery platform despite strong competition. The company reported revenue of $773 million in the first quarter, compared with estimates of $762.6 million, according to data compiled by LSEG.
US-listed shares of the Singapore-based company were up more than 1% in extended trading.
Grab’s move to make its platform a ” ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/superapp” target=”_blank”>superapp” by incorporating ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/financial-services” target=”_blank”>financial services has strengthened its dominant…
