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GRAB Grabs Q3 With Impressive Results
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GRAB Grabs Q3 With Impressive Results

Shares of Grab Holdings (NASDAQ: GRAB) were on an upswing in early morning trading on Wednesday as the superapp in Southeast Asia, which provides services including mobility, deliveries, and digital financial services delivered robust Q3 results.

The company reported record revenues of $382 million in Q3, a jump of 143% year-over-year and beating Street estimates by $33.8 million. Losses narrowed in the third quarter to $0.08 per share versus a loss of $3.66 in the same period a year back. Analysts had forecasted a loss of $0.1 per share.

Considering these strong results, Grab also raised its FY22 revenues guidance to range between $1.32 billion and $1.35 billion from its prior outlook in the range of $1.25 billion to $1.30 billion.

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