SINGAPORE -- Shares in Singapore-based Grab Holdings fell sharply Thursday after the superapp provider missed revenue estimates for the April-June quarter, highlighting its struggle to retain investor confidence.
The Nasdaq-listed technology group, which offers services from food delivery to ride-hailing via its superapp, said group revenue rose 17% on the year to $664 million. This missed analysts' estimates of $673.3 million in LSEG data cited by Reuters.
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