Morningstar

Grab Holdings First Quarter Net Rose on Strong Consumer Demand

Provided by Dow Jones May 5, 2026, 12:11:00 AM

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 kimberley.kao@wsj.com

(END) Dow Jones Newswires

May 04, 2026 20:11 ET (00:11 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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