Grab Holdings provides April, May trading update

Grab Holdings (GRAB) provided a trading update reporting certain operating metrics for the months of April and May as follows: “Growth in our on-demand GMV and in the number of rides for the months of April and May 2025 remained robust in spite of macroeconomic uncertainties. Our Indonesian business continued to witness sequential growth in both metrics over the months of April and May 2025 as we executed on our focus of driving affordability and expansion in the country to benefit our driver-partners, merchant-partners and customers. For the months of April and May 2025, our business is seeing 19% On-Demand GMV growth as compared to the same period in 2024, consistent with what was shared during our Q1 earnings. Growth in the number of mobility rides continued to outpace GMV growth, with rides for the months of April and May 2025 growing 23% as compared to the same period in 2024, consistent with our user base expansion and Deliveries GMV for the same period growing 20% as compared to the same period in 2024. These improvements are driven by our continued focus on product led growth and affordability initiatives, as we continued to gain strong traction with users demonstrating improving frequency and retention. We will share more details about our overall performance at our upcoming Q2 earnings call which will be announced at a later date.”