GRAB BEATS Q1 ESTIMATES ON STRONG RIDE, DELIVERY DEMAND

AI DESK■ 1 MIN READ

SUN, MAY 24, 2026

■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE

Grab reported first-quarter revenue of $955 million, up 24% year-over-year and above analyst expectations. Adjusted EBITDA reached $154 million, surpassing the $146.3 million estimate.

The Southeast Asian ride-hailing and delivery platform exceeded profit forecasts, driven by resilient demand across both core business segments. Revenue growth of 24% reflects sustained user engagement in the region's mobility and food delivery markets. Adjusted EBITDA of $154 million marked a $7.7 million beat over consensus estimates, signaling improving operational efficiency. The results demonstrate Grab's ability to maintain momentum despite competitive pressures in its key markets. The company's performance highlights recovering demand for transportation and food delivery services across Southeast Asia, with both segments contributing to the upside surprise. Grab continues to navigate regional market dynamics while managing profitability metrics more effectively.

■ SOURCES

► Techmeme

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

■ MORE FROM THE BUSINESS DESK

P618HP BEATS Q2 ESTIMATES, RAISES Q3 GUIDANCE

HP Inc. reported second-quarter revenue of $14.4 billion, up 9% year-over-year and exceeding analyst expectations of $14 billion. The company also issued a profit forecast for Q3 that tops current estimates.

YESTERDAY— Industry Desk

P510SPACE STOCKS SURGE ON SPACEX IPO FILING

Rocket and satellite stocks rallied Tuesday following SpaceX's public offering announcement. The filing has triggered broader investor enthusiasm across the aerospace sector.

MAY 26— Industry Desk

P457MASSACHUSETTS CERTIFIES FIRST US RIDESHARE UNION

Massachusetts has officially recognized the App Drivers Union, representing approximately 70,000 Uber and Lyft drivers. This marks the first state-certified rideshare union in the United States.

MAY 26— Industry Desk

P458TECH SECTOR RESILIENT TO RATE HIKES, JPMORGAN SAYS

JPMorgan's cross-asset strategy head Fabio Bassi said the technology sector will withstand higher interest rates, citing strong earnings and AI-driven market dynamics.

MAY 26— AI Desk

◄ BACK TO NEWS

GRAB BEATS Q1 ESTIMATES ON STRONG RIDE, DELIVERY DEMAND

■ MORE FROM THE BUSINESS DESK

■ SUBSCRIBE TO THE DAILY BRIEF