Quarterly ResultMay 5, 2026, 06:13 AM
Grab Q1 2026 Revenue +24% to $955M; Adjusted EBITDA +46% to $154M
AI Summary
Grab Holdings Ltd reported strong first quarter 2026 results, with revenue growing 24% year-over-year to $955 million and Adjusted EBITDA increasing 46% year-over-year to $154 million. The company achieved a profit for the period of $120 million, marking another quarter of record profitability despite typically being a seasonally soft quarter. Grab also announced the planned acquisition of Delivery Hero's foodpanda Delivery business in Taiwan and reaffirmed its full-year 2026 financial guidance.
Key Highlights
- Q1 2026 Revenue increased 24% year-over-year to $955 million.
- Q1 2026 Adjusted EBITDA grew 46% year-over-year to $154 million.
- Profit for the period reached $120 million, up from $10 million year-over-year.
- On-Demand GMV rose 24% year-over-year to $6.1 billion.
- Financial Services revenue surged 43% year-over-year to $107 million.
- Reaffirmed FY 2026 Revenue guidance of $4.04 billion-$4.10 billion and Adjusted EBITDA of $700 million-$720 million.
- Planned acquisition of Delivery Hero's foodpanda Delivery business in Taiwan.
- Initiated $500 million share repurchase program, with $250 million committed.
Price Impact
More from GRAB