Grab (GRAB) - 2023 Q1 - Quarterly Report

Exhibit 99.1 SINGAPORE, May 18, 2023 - Grab Holdings Limited (NASDAQ: GRAB) today announced unaudited financial results for the first quarter ended March 31, 2023. "This quarter, we reported another solid set of results which reflects our disciplined focus to drive sustainable growth and profitability. Our revenues for the quarter more than doubled year-over-year ("YoY") 1 , while we reduced our Adjusted EBITDA losses by 77% YoY," said Anthony Tan, Group Chief Executive Officer and Co-Founder of Grab. "With ...