Grab Holdings posted a $20 million net profit for the second quarter, turning around from a $68 million loss a year ago, as strong consumer demand and disciplined cost management boosted results.
Financial Highlights:
Net Profit: $20M (vs. $68M loss last year), beating analysts’ $17.53M estimate.
Revenue: $819M, up 23%, driven by on-demand and financial services.
Adjusted EBITDA: $109M, up 69% year-over-year.
Key Drivers:
Higher revenue, improved margins, and lower share-based compensation expenses.
GrabUnlimited subscribers continued to outspend and order more frequently than non-subscribers, especially in food delivery.
CEO Commentary:
Co-founder and CEO Anthony Tan said continued investment in affordability and reliability has “deepened user engagement and retention” despite a volatile macro environment.
Outlook:
Grab maintained its annual adjusted EBITDA guidance at $460M–$480M.
Expects a stronger second half of 2025 compared with the first half.
Summary: Strong demand across Grab’s services and tight cost control helped the Southeast Asian super app post a profit, reinforcing its push toward sustainable growth.
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