Why Grab Holdings Stock Soared Today

·2 min read
Why Grab Holdings Stock Soared Today

Shares of Grab Holdings (NASDAQ: GRAB) surged 24% on Thursday after the ride-hailing and delivery platform delivered stronger-than-expected growth metrics. Grab's revenue rose 6% year over year to $228 million in the first quarter. "We delivered strong top-line growth in deliveries as we expanded our merchant selection to give users more reasons to choose Grab," CEO Anthony Tan said in a press release.

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