Grab Holdings reports Q1 EPS 1c vs (3c) last year

Reports Q1 revenue $773M, consensus $766.73M. Reports Q1 on-demand GMV up 16%. “We had a strong set of results to start the year, sustaining robust demand growth momentum to achieve yet another quarterly record number of users on our platform, even amid the seasonal demand impacts from the Lunar New Year and Ramadan fasting period. We also grew the number of active partners on our platform, and now have more active driver- and merchant-partners than ever before,” said Anthony Tan, Group Chief Executive Officer and Co-Founder of Grab. “While we are cognizant that there are increased levels of uncertainty in the global macroeconomic landscape, we will continue to harness AI and our technological capabilities to improve the reliability and affordability of our offerings. This will increasingly position us as a counter-cyclical company that can weather through uncertainties in the macroeconomic landscape.”