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Grab Earnings Beat Estimates as Ride and Delivery Demand Stay Resilient

By Bernard Lee3 min read

Singapore, 5 May 2026 – Grab Holdings Ltd reported stronger-than-expected first-quarter revenue as resilient demand for ride-hailing, food delivery and financial services helped Southeast Asia’s leading superapp maintain growth despite cost-of-living pressure and a more cautious consumer environment.

The Singapore-based technology group posted revenue of US$955 million for the quarter, up 24% from a year earlier and ahead of analysts’ estimate of US$921.1 million. The performance was driven by continued expansion across its core mobility and delivery businesses, supported by higher transaction volumes, monthly transacting users and stronger monetisation.

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Author

  • Bernard is a social activist dedicated to championing community empowerment, equality, and social justice. With a strong voice on issues affecting grassroots communities, he brings insightful perspectives shaped by on-the-ground advocacy and public engagement. As a columnist for The Ledger Asia, Bernard writes thought-provoking pieces that challenge norms, highlight untold stories, and inspire conversations aimed at building a more inclusive and equitable society.