Grab Holdings First Quarter Net Rose on Strong Consumer Demand

Published: 2026-05-04 20:11:13 ET GRAB

Published on 05/04/2026 at 08:11 pm EDT

By Kimberley Kao

Southeast Asian ride-hailing and delivery specialist Grab Holdings first-quarter profit rose sharply, driven by strong consumer demand, including in its financial-services business.

The Nasdaq-listed company on Tuesday reported a net profit of $120 million, compared with a $10 million profit in the same period a year earlier.

Revenue rose 24%, to $955 million, while adjusted earnings before interest, taxes, depreciation, and amortization rose 46%, to $154 million, for the quarter ended March.

Grab retained its annual adjusted Ebitda forecast between $700 million to $720 million for 2026.

Write to Kimberley Kao at [email protected]

(END) Dow Jones Newswires

05-04-26 2011ET