Will's Blog: Grab reports Q2 revenue up 17% YoY to $664M, below $676.9M est., and a $53M net loss, down from $135M in Q2 2023, as competition with GoTo weighs on its growth (Olivia Poh/Bloomberg)

15 August 2024

Grab reports Q2 revenue up 17% YoY to $664M, below $676.9M est., and a $53M net loss, down from $135M in Q2 2023, as competition with GoTo weighs on its growth (Olivia Poh/Bloomberg)

Olivia Poh / Bloomberg:
Grab reports Q2 revenue up 17% YoY to $664M, below $676.9M est., and a $53M net loss, down from $135M in Q2 2023, as competition with GoTo weighs on its growth — - Revenue miss underscores intense rivalry in Southeast Asia — Ride-hailing firm is trying to reach sustained profitability

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