Grab Revenue Misses Estimates in Sign Turnaround Still Fragile.

Grab Holdings Ltd., a Southeast Asian ride-hailing and delivery firm, reported lower-than-expected quarterly revenue growth, indicating ongoing challenges in achieving sustainable profitability. The company's revenue rose 17% to $664 million in the three months through June, missing analysts' predictions. Grab is striving to demonstrate the effectiveness of its cost-cutting efforts and achieve sustained profitability, but faces tough competition from Indonesia's GoTo Group. Despite stabilizing losses and outperforming regional rivals, Grab's shares have declined 69% since going public in 2021. Slower growth rates and reduced customer spending in the region have contributed to Grab's challenges. [Extracted from the article]