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Singapore's Grab beats quarterly revenue estimates
Grab said promotional offers and bundled features helped lift first-quarter revenue to $955 million, while it kept its 2026 outlook unchanged.
- Singapore-Based Grab beat Wall Street expectations on Tuesday, reporting $955 million in first-quarter revenue, a 24% increase driven by resilient ride-hailing and food-delivery demand.
- To attract customers amid higher living costs, Grab integrated AI-based features and bundled services while rolling out a 'saver' option; CFO Peter Oey noted 35% of users now utilize this program.
- Indonesian President Prabowo Subianto capped ride-hailing commissions at 8% of fares last week, down from about 20% previously; Chief Operating Officer Alex Hungate said the change affects less than 6% of mobility operations.
- Adjusted Ebitda rose to $154 million for the quarter, exceeding analyst forecasts of $146.3 million. Grab maintained its 2026 annual revenue forecast between $4.04 billion and $4.10 billion.
- Grab faces stiff Southeast Asian competition and rising Middle East fuel costs while exploring a potential merger with GoTo Group to consolidate the fragmented regional market.
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15 Articles
Grab beats revenue estimates on strong delivery, mobility demand
KUALA LUMPUR: Singapore's Grab beat Wall Street expectations for first-quarter revenue on Tuesday, benefiting from resilient demand for its ride-hailing and food-delivery services after rolling out promotional offers and bundled features to attract more customers.
·Malaysia
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Coverage Details
Total News Sources15
Leaning Left0Leaning Right1Center5Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
C 83%
R 17%
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