Record High Group MTUs and On-demand GMV Growth
Grab reported another strong quarter with group MTUs reaching an all-time high. On-demand GMV accelerated to a 21% year-on-year growth in U.S. dollars, or an 18% growth on a constant currency basis.
14th Consecutive Quarter of Adjusted EBITDA Growth
The company achieved its 14th consecutive quarter of adjusted EBITDA growth, with trailing 12 months adjusted free cash flow expanding to $229 million.
Significant Growth in Financial Services
Grab's financial services business saw total loan disbursals reaching close to $3 billion on an annualized run rate basis in Q2, with credit risks remaining within acceptable levels.
Mobility Transactions Growth
Mobility transactions grew 23% year-on-year, driven by reinvestment into broader accessibility and platform usage, with EBITDA profitability growing year-on-year.
Strong Deliveries GMV Growth
Deliveries GMV accelerated to 19% year-on-year growth on a constant currency basis, driven by product-led initiatives and viral products like Dine Out and Group Orders.
Advertising Revenue Upsurge
Advertising revenue reached a $236 million run rate with a 45% growth, indicating strong future potential for this revenue stream.