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A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore March 21, 2019. Picture taken March 21, 2019. REUTERS/Anshuman Daga Purchase Licensing Rights, opens new tab
Nov 3 (Reuters) - Grab Holdings (GRAB.O), opens new tab beat analysts' expectations for third-quarter revenue on Monday, helped by robust consumer spending on ride-hailing and food-delivery services as its platform expansion draws in more users.
Shares of the Singapore-based tech firm were up around 2% in extended trading.
The company reported revenue of $873 million during the period, compared with analysts' average estimate of $872.9 million, according to data compiled by LSEG.
Grab's push to evolve into a "superapp", integrating food and grocery delivery, ride-hailing and financial services, has gained strong traction among consumers looking for a one-stop-shop for their daily mobility and lifestyle needs as they navigate an uncertain economy shaped by tariffs.
The company also raised the lower end of its annual revenue forecast to $3.38 billion from $3.33 billion, while leaving the upper end unchanged at $3.40 billion.
Reporting by Zaheer Kachwala in Bengaluru; Editing by Shilpi Majumdar
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