Grab Faces 2Q Test as Headwinds Build -- Market Talk
Dow Jones10:29
0229 GMT - Grab's 1Q results beat expectations, but a clearer picture will emerge in 2Q, Zavier Wong of eToro says in a note. The U.S.-listed ride-hailing operator faces headwinds, the analyst says. Indonesia is enforcing plans to cap platform commissions at 8% compared with nearly 20% now, while a prolonged Middle East conflict is driving fuel costs higher and prompting Grab to step up targeted earnings support for drivers, he says. Shares last closed 1.4% lower at $3.62. (venkat.pr@wsj.com)
(END) Dow Jones Newswires
May 04, 2026 22:29 ET (02:29 GMT)
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