Grab Holdings Ltd. reported first-quarter revenue of $955 million, a 24% increase year-over-year. This result surpassed the Wall Street consensus estimate of $921.1 million. Adjusted EBITDA rose 46% to a record $154 million.
On-Demand Gross Merchandise Value (GMV) reached $6.1 billion, representing 24% year-over-year growth. Resilient demand for ride-hailing and delivery services fueled performance during a seasonally slower quarter. The company integrated AI features and promotional offers to attract cost-conscious consumers.
Grab maintained its full-year 2026 revenue guidance of $4.04 billion to $4.10 billion. Management also reaffirmed adjusted EBITDA guidance of $700 million to $720 million for 2026.