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Grab Q1 2025 Earnings Report
Grab reported a strong start to the year with robust demand growth, achieving record user numbers and improved profitability.
Key Takeaways
Grab Holdings Limited announced strong financial results for the first quarter ended March 31, 2025, with revenue growing 18% year-over-year to $773 million and Adjusted EBITDA reaching a record high of $106 million. The company also reported a profit of $10 million for the period, a significant improvement from a loss in the prior year.
Revenue increased by 18% year-over-year to $773 million, driven by growth across all segments.
Adjusted EBITDA reached a record high of $106 million, improving by $44 million year-over-year.
The company achieved a profit of $10 million for the period, a $125 million improvement year-over-year.
On-Demand GMV grew 16% year-over-year to $4.9 billion, supported by increased On-Demand MTUs and transactions.
Grab
Grab
Grab Revenue by Segment
Revenue by Segment
Deliveries Revenue
CapyFin.comMobility Revenue
CapyFin.comFinancial Services Revenue
CapyFin.comOthers Revenue
CapyFin.com Forward Guidance
Grab is raising its full year Adjusted EBITDA guidance to a range of $460 million to $480 million, reflecting continued profitable growth and disciplined cost management. Revenue guidance remains unchanged.
Positive Outlook
- Raising full year Adjusted EBITDA guidance to $460 million - $480 million.
- Expected Adjusted EBITDA growth of 47% - 53% YoY.
- Expect to drive strong, sequential On-Demand GMV growth in Q2.
- Expect to drive overall revenue growth in Q2.
- Remaining disciplined on costs as a company.
Challenges Ahead
- Increased levels of uncertainty in the global macroeconomic landscape.
- Guidance is subject to change.
- No specific negative financial guidance provided.
- No specific negative operational guidance provided.
- No specific negative market outlook provided.