Quarterly ResultMay 5, 2026, 06:13 AM
Grab Q1 2026 Revenue $955M, Profit $120M; Acquires foodpanda Taiwan
AI Summary
Grab Holdings Ltd reported strong first-quarter 2026 results, with revenue increasing 24% year-over-year to $955 million and profit for the period reaching $120 million. Adjusted EBITDA also saw significant growth, rising 46% to $154 million. The company announced the planned acquisition of Delivery Hero's foodpanda Delivery business in Taiwan and initiated a share repurchase program of up to $400 million.
Key Highlights
- Grab Q1 2026 Revenue grew 24% YoY to $955 million.
- Profit for the period was $120 million, up from $10 million YoY.
- Adjusted EBITDA grew 46% YoY to $154 million.
- Grab announced a planned acquisition of Delivery Hero's foodpanda Taiwan business.
- The company entered agreements to repurchase up to $400 million in Class A ordinary shares.
- On-Demand GMV grew 24% YoY to $6.1 billion.
- Deliveries revenue increased 23% YoY to $510 million.
- Mobility revenue grew 19% YoY to $337 million.
- Financial Services revenue increased 43% YoY to $107 million.