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Sep 30
Grab Q3 2025 Earnings Report
Grab reported a profit in Q3 2025 driven by strong revenue growth and improved operational efficiency across core segments.
Key Takeaways
Grab delivered a solid Q3 2025 with revenue up 22% year-over-year, turning a profit of $17 million. The company saw strength in On-Demand GMV and continued growth across Deliveries, Mobility, and Financial Services.
Revenue reached $873 million, up 22% YoY.
Net income was $17 million, marking continued profitability.
Adjusted EBITDA rose to $136 million, up 51% YoY.
On-Demand GMV grew to $5.8 billion, supported by user and transaction growth.
Grab
Grab
Grab Revenue by Segment
Revenue by Segment
Deliveries Revenue
CapyFin.comMobility Revenue
CapyFin.comFinancial Services Revenue
CapyFin.comOther Service Revenue
CapyFin.com Forward Guidance
Grab expects continued strength in its On-Demand and Financial Services segments while managing incentives and improving cost efficiency.
Positive Outlook
- Solid revenue growth across core segments
- On-Demand GMV driven by transaction and MTU growth
- Strong Adjusted EBITDA performance
- Loan portfolio nearing $1 billion target
- Stable driver retention and operational leverage gains
Challenges Ahead
- Free cash flow remains challenged by banking and lending operations
- Increased partner and consumer incentives
- Decline in Mobility average fares
- Provisioning for credit losses impacting Fintech margin
- Deposit levels in GXS Bank declined sequentially