Grab Q1 adjusted earnings beat estimates as revenue rises
Updated
Updated · Bloomberg · May 4
Grab Q1 adjusted earnings beat estimates as revenue rises
1 articles · Updated · Bloomberg · May 4
The Singapore-based company posted adjusted EBITDA of $154 million for the quarter ended 31 March, above analysts' $146.3 million forecast, while revenue climbed 24% to $955 million.
Grab said resilient demand for ride-hailing and delivery drove the stronger-than-expected performance despite economic and political challenges across Southeast Asia.
The results suggest consumer demand for transport and food delivery remained firm in Grab's core markets, helping the company outperform market expectations in the first quarter.
As Grab's profits soar, can its high-stakes bet on AI and banking conquer Southeast Asia's fragmented regulatory landscape?
With AI automating jobs and robotaxis launching, what is the future for the millions of drivers who built Grab's empire?