SINGAPORE -- Grab Holdings logged its first quarterly profit on an adjusted basis since its founding more than a decade ago, the Singapore-based superapp operator said Thursday, helped by cuts in earnings-draining incentives and stronger demand in ride-hailing and meal deliveries.
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Superapp operator Grab, headquartered in Singapore, slashed its costly consumer incentives by 22% on the year in the third quarter. (Photo by Ken Kobayashi)
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