Grab's Revenue Increased in Q1 2025, Successfully Achieving Profit

Technology & Telecommunications

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Adi Ahdiat 30/04/2025 12:38 WIB

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Grab's revenue increased in Q1 2025. They also achieved profitability, reversing the losses incurred earlier last year.

Grab's Revenue and Profit/Loss Statement, Q1 (2024-2025)

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Grab's Revenue and Profit/Loss Statement, Q1 (2024-2025)

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Grab, a Singapore-based technology company, reported positive financial performance at the beginning of this year.

In Q1 2025, Grab's revenue reached US$773 million, a year-on-year (YoY) growth of 18%.

They also achieved a net income of US$10 million, reversing the loss incurred in the same period the previous year.

Grab's positive performance in Q1 2025 was driven by growth across its various business segments.

In its delivery services segment, Grab's gross merchandise value (GMV) grew by 16% YoY to US$3.13 billion.

In its transportation segment, its GMV grew by 17% YoY to US$1.8 billion.

Finally, in its financial services segment, the value of its loan disbursements grew by 56% YoY to US$566 million.

"We had a strong start to the year, maintaining the momentum of strong demand growth," said Anthony Tan, CEO and Co-Founder of Grab, in a press release (April 30, 2025).

"We also increased the number of our app partners, and we now have more active driver and merchant partners than ever before," he continued.

Editor : Adi Ahdiat

"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."