Grab Holdings Earnings Breakdown: Financials, Stock Performance, and Industry Insights

Grab Holdings' latest earnings report showed a net loss of $1.3 billion, largely due to increased operating expenses.

This significant loss was partly attributed to the company's efforts to expand its services and invest in new technologies.

Grab's revenue, however, did see a 60% increase year-over-year, reaching $1.2 billion.

This growth was driven by the company's continued dominance in the Southeast Asian ride-hailing market.

Grab Holdings Limited's Q2 performance was impressive, with revenues reaching a record $1212.8 million, beating the Zacks Consensus Estimate by 12.5%.

This is a significant jump from the same quarter last year, with total revenues increasing by 207%. The top-line performance was driven by increasing demand for the AI-cloud platform.

To put this into perspective, let's compare Grab Holdings Limited to its peers in the Ground Transportation industry. In the table below, you can see how Grab Holdings Limited's Estimate Revisions Grade measures up against others in the same industry.

Grab Holdings Limited's performance is impressive, but it's also worth reviewing the Ground Transportation industry as a whole to understand how the company has been performing over the last year compared to its peers.

Grab Holdings Limited's Q2 earnings report was a huge success, with revenues reaching a record $1212.8 million, beating the Zacks Consensus Estimate by 12.5%.

This impressive performance was driven by increasing demand for the company's AI-cloud platform, which saw total revenues jump 207% year over year.

Grab's mobility business saw significant growth in the second quarter of 2025, with revenue increasing 19% year-over-year.

Mobility revenue grew at a faster rate than Mobility MTUs, with a 23% YoY increase in total number of Mobility transactions.

Mobility GMV reached $1,883 million, a 19% YoY growth.

Grab's adjusted EBITDA as a percentage of Mobility GMV was 8.7% in the second quarter of 2025, up from 8.2% in the same period last year.

The company continued to optimize its driver supply, reaching a new all-time high in monthly active drivers, which increased 18% YoY.

Grab launched GrabCab in the second quarter, marking a new chapter in Singapore's taxi landscape with a pioneering fleet of eco-friendly vehicles.

Here's a breakdown of Grab's mobility revenue growth:

Deliveries revenue grew strongly by 23% YoY in the second quarter of 2025, reaching $439 million. This growth was primarily driven by an increase in Deliveries GMV and Advertising business revenue.

The total number of quarterly active advertisers who joined our self-serve platform increased 31% YoY to 220,000 during the second quarter. This indicates a significant expansion of our advertising business.

Deliveries GMV grew strongly by 22% YoY in the second quarter of 2025, reaching $3,471 million. This growth was driven by an increase in the total number of Deliveries transactions and Deliveries MTUs.

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Deliveries revenue grew strongly by 23% YoY in the second quarter of 2025, reaching $439 million. This growth was driven by an increase in Deliveries GMV and Advertising business revenue.

Deliveries GMV grew by 22% YoY, reaching $3,471 million in the second quarter of 2025. This growth was fueled by an increase in the total number of Deliveries transactions and Deliveries MTUs.

Deliveries segment adjusted EBITDA as a percentage of GMV improved by 34 basis points, reaching 1.8% during the quarter. This improvement was primarily driven by increased contributions from Advertising business and improvements in operating leverage.

The total number of quarterly active advertisers who joined our self-serve platform increased 31% YoY to 220,000 during the second quarter. Average spend by quarterly active advertisers on our self-serve platform increased 42% YoY, as we continued to deepen Advertising penetration among our merchant-partners.

Here's a breakdown of Deliveries revenue growth:

Deliveries GMV as a percentage of Advertising revenue grew to 1.7% in the second quarter from 1.4% in the same period last year. This indicates a significant increase in the contribution of Advertising revenue to Deliveries GMV.

GRAB has been steadily increasing its revenue over the years, with a notable spike in Q2 2025 where it reached $819M.

Looking at the earnings history, we can see that GRAB's revenue has been consistently above the forecasted amount, with the exception of Q2 2024 where it fell short by $12M.

In Q2 2025, GRAB's actual revenue was $819M, which is $7.6M above the forecasted amount of $811.4M.

The company's revenue has been steadily increasing, with a notable increase in Q2 2025 where it reached $819M.

GRAB's actual revenue has been consistently above the forecasted amount, with the exception of Q2 2024 where it fell short by $12M.

Here's a breakdown of GRAB's revenue for the past few years:

GRAB's revenue has been consistently above the forecasted amount, with the exception of Q2 2024 where it fell short by $12M.

GRAB's actual revenue has been steadily increasing, with a notable spike in Q2 2025 where it reached $819M.