Grab's Gross Transaction Value Reaches US$4.8 Billion in Q1 2022

Economics & Macro

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Vika Azkiya Dihni 23/05/2022 10:50 WIB

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Grab recorded a gross merchant value (GMV) of US$4.8 million in Q1 2022. This represents a 32% increase compared to Q1 2021, which was US$3.64 million (year-on-year).

Grab's Gross Merchandise Value (GMV) (Q1 2020 - Q1 2022)

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Grab's Gross Merchandise Value (GMV) (Q1 2020 - Q1 2022)

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Grab recorded a gross merchant value (GMV) of US$4.8 billion in Q1 2022. This represents a 32% increase compared to Q1 2021, which stood at US$3.64 billion (year-on-year/YoY).

Compared to two years prior, or Q1 2020, Grab's GMV also increased. At that time, Grab only recorded a GMV of US$3.46 billion.

This achievement was driven by increased incentives to attract driver-partners, merchants, and consumers. Incentives for consumers increased by 85% to US$344 million in Q1 2022, and incentives for partners increased by 55% to US$216 million.

This performance resulted in a 6% YoY increase in Grab's revenue to US$228 million in Q1 2022 from US$216 million previously.

However, Grab still recorded a loss of US$435 million in January-March 2022. This loss decreased by 35% YoY from US$666 million previously.

Grab's GMV was most dominant in the delivery service segment. GMV in the delivery segment was recorded at US$2.56 billion in Q1 2022, a 50% YoY growth.

Meanwhile, GMV in the financial services segment was recorded at US$1.35 billion, up 23% YoY, and GMV in the mobility services segment was recorded at US$834 million, growing by 3% YoY. The GMV in the corporate and new initiatives segment increased by 98% YoY to US$52 million in Q1 2022.

"We recorded strong top-line growth in the delivery segment. This is supported by the increasing number of merchants, which then encourages users to choose Grab," said Grab CEO Anthony Tan in a press release on Thursday (19/5/2022).

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."