Core Insights - Grab Holdings Limited (GRAB) reported breakeven earnings in Q4 2025, missing the Zacks Consensus Estimate and declining from the previous year's earnings of 1 cent per share [1][8] - Quarterly revenues of $906 million fell short of the Zacks Consensus Estimate of $933.4 million but showed a 19% year-over-year increase on a reported basis and 17% on a constant currency basis, driven by growth in On-Demand and Financial Services segments [1][8] Revenue Performance - On-Demand Gross Merchandise Value (GMV) increased by 21% year over year to $6.07 billion, with monthly transacting users (MTUs) and total transactions rising by 16% and 24%, respectively [2] - The Deliveries segment revenue grew 18% year over year to $481 million, supported by growth in Deliveries GMV and advertising revenue [4] - Mobility segment revenues rose 15% year over year to $325 million, driven by an increase in Mobility MTUs and transactions [4] - Financial Services segment revenue improved by 34% year over year to $99 million, attributed to growth in the lending business [5] Profitability Metrics - Adjusted EBITDA reached $148 million, reflecting a 54% year-over-year improvement due to increased On-Demand GMV and revenue [3] Liquidity and Cash Flow - Grab ended Q4 2025 with cash liquidity of $7.4 billion, remaining flat sequentially [6] - The company generated $69 million in net cash from operating activities, with capital expenditures totaling $81 million and adjusted free cash flow of $76 million [6] Future Guidance - For 2026, Grab anticipates revenues between $4.04 billion and $4.10 billion, indicating a year-over-year growth of 20-22% [7][8] - Adjusted EBITDA for 2026 is expected to be in the range of $700-$720 million, suggesting a year-over-year growth of 40-44% [7]

Core Insights - Grab Holdings Limited (GRAB) reported second-quarter 2025 earnings of $0.01 per share, matching the Zacks Consensus Estimate, and improved from a loss of $0.01 per share in the same quarter last year [1][8] - Quarterly revenues reached $819 million, exceeding the Zacks Consensus Estimate of $809.4 million, and reflecting a 23% year-over-year increase on a reported basis or 19% on a constant currency basis, driven by growth in On-Demand and Financial Services segments [1][8] Financial Performance - On-Demand Gross Merchandise Value (GMV) grew 21% year-over-year or 18% on a constant currency basis to $5.35 billion, with monthly transacting users (MTUs) increasing by 15% and total transactions rising by 23% year-over-year [2] - Adjusted EBITDA for the quarter was $109 million, marking a 69% year-over-year improvement due to the growth in On-Demand GMV and revenue [2] Segment Performance - Revenues from the Deliveries segment increased by 23% year-over-year to $439 million, supported by growth in Deliveries GMV and advertising revenue [4] - The Mobility segment saw revenues grow by 19% year-over-year to $295 million, driven by an increase in Mobility MTUs and transactions [4] - Financial Services segment revenues improved by 41% year-over-year to $84 million, primarily due to increased contributions from lending activities [5] Liquidity and Cash Flow - At the end of Q2 2025, Grab had cash liquidity of $7.6 billion, up from $6.2 billion at the end of the previous quarter [6] - The company generated $64 million in net cash from operating activities, with capital expenditures totaling $25 million and adjusted free cash flow of $112 million [6] Guidance - Grab expects 2025 revenues to be between $3.33 billion and $3.40 billion, indicating a year-over-year growth of 19-22%, with the Zacks Consensus Estimate of $3.38 billion falling within this range [7][8] - Adjusted EBITDA for 2025 is anticipated to be in the range of $460-$480 million, suggesting a year-over-year growth of 47-53% [9]