Grab reported strong performance with record-breaking metrics in multiple segments, consistent EBITDA growth, and significant advancements in financial services and autonomous vehicle initiatives. While competitive pressures and increased costs present challenges, the overall outlook remains positive with strategic investments and growth projections.

Company Guidance -

Q3 2025

During Grab's Second Quarter 2025 Earnings Call, the company provided guidance indicating robust growth across various metrics. The group achieved an all-time high in MTUs, while on-demand GMV accelerated by 21% year-over-year in U.S. dollars, or 18% on a constant currency basis. This growth contributed to the 14th consecutive quarter of adjusted EBITDA growth, with trailing 12 months adjusted free cash flow reaching $229 million. Grab's financial services arm disbursed loans totaling nearly $3 billion on an annualized run rate basis, maintaining credit risks within acceptable parameters. Looking forward, Grab expects to sustain this growth momentum, aiming to accelerate on-demand GMV growth rates relative to 2024, while maintaining cost discipline to drive profitable growth and free cash flow generation.

Record Group MTUs and On-Demand GMV Growth

Grab achieved an all-time high in group MTUs and saw a 21% year-on-year growth in on-demand GMV in USD, with 18% growth on a constant currency basis.

Consistent Adjusted EBITDA Growth

Fourteenth consecutive quarter of adjusted EBITDA growth, with trailing 12 months adjusted free cash flow expanding to $229 million.

Financial Services Expansion

Total loan disbursals across GrabFin and digital banks reached nearly $3 billion on an annualized run rate basis, with plans to exceed $1 billion loan book size by year-end.

Strong Mobility Transactions Growth

Mobility transactions grew 23% year-on-year, with overall Mobility MTUs increasing by 16% and GMV growing 19% year-on-year.

Deliveries GMV Acceleration

Deliveries GMV accelerated to 19% year-on-year on a constant currency basis, driven by product-led initiatives and viral products.

Autonomous Vehicle Initiatives

Partnerships and pilots for autonomous vehicles are underway, including a shuttle bus in Singapore and drone-powered delivery in the Philippines.

Advertising Revenue Growth

Advertising revenue reached a $236 million run rate, with a 45% growth, driven by increased penetration and higher returns for advertisers.

Grab (GRAB) Earnings, Revenues Date & History

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GRAB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 18, 2025	2025 (Q3)	0.01 / -	0.01	―	―	―
Jul 30, 2025	2025 (Q2)	0.01 / 0.01	-0.01	200.00% (+0.02)
Apr 29, 2025	2025 (Q1)	<0.01 / 0.01	-0.03	133.33% (+0.04)
Feb 19, 2025	2024 (Q4)	<0.01 / 0.01	0.01	0.00% (0.00)
Nov 11, 2024	2024 (Q3)	>-0.01 / 0.01	-0.02	150.00% (+0.03)
Aug 15, 2024	2024 (Q2)	>-0.01 / -0.01	-0.03	66.67% (+0.02)
May 15, 2024	2024 (Q1)	>-0.01 / -0.03	-0.06	50.00% (+0.03)
Feb 22, 2024	2023 (Q4)	-0.02 / 0.01	-0.1	110.00% (+0.11)
Nov 09, 2023	2023 (Q3)	-0.01 / -0.02	-0.08	75.00% (+0.06)
Aug 23, 2023	2023 (Q2)	-0.04 / -0.03	-0.15	80.00% (+0.12)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GRAB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$5.29	$4.89	-7.56%
Apr 29, 2025	$4.79	$4.88	+1.88%
Feb 19, 2025	$5.34	$4.78	-10.49%
Nov 11, 2024	$4.38	$4.89	+11.64%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.