Grab Losses Widen To Almost $1 Billion As Pandemic Restrictions Drag Ride-Hailing Business

Grab Holdings said Thursday its net loss widened to $988 million in the third quarter, from $621 million a year ago, due to exceptional charges and a general decline in the ride-hailing sector following a renewed spike in Covid-19 infections across Southeast Asia, particularly in Vietnam.
Grab Holdings said Thursday its net loss widened to $988 million in the third quarter, from $621 million a year ago, due to exceptional charges and a general decline in the ride-hailing sector following a renewed spike in Covid-19 infections across Southeast Asia, particularly in Vietnam.