Grab Holdings Limited reported strong first-quarter 2025 results, with revenue reaching $773 million, an 18% increase year-over-year, surpassing Wall Street expectations. The company achieved a net profit of $10 million for the quarter, a significant improvement from a $115 million loss in the prior year period.
Adjusted EBITDA for Q1 2025 was $106 million, marking a 71% year-over-year increase and the 13th consecutive quarter of Adjusted EBITDA improvement. On-demand Gross Merchandise Value (GMV) grew 17% year-over-year, and the company reached a new record for monthly transacting users on its platform.
Given the strong performance, Grab raised its full-year 2025 Adjusted EBITDA outlook to a range of $460 million to $480 million, up from its previous guidance of $440 million to $470 million. The company reiterated its full-year revenue forecast of 19%-22% growth year-over-year on a constant currency basis, demonstrating confidence in sustained profitable growth.
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