Grab reports Q3 earnings of US$17 million on positive operating profit

[SINGAPORE] Ride-hailing giant Grab posted earnings of US$17 million on Tuesday (Nov 4) for the third quarter, up from US$15 million in the same period in 2024.

This was primarily due to positive operating profit and lower income tax expenses incurred, which were partially offset by lower net finance income for Q3.

Revenue in Q3 grew 22 per cent to US$873 million from US$716 million the year before, driven by growth across its on-demand and financial services segments.

Operating profit also rose to US$27 million in Q3 2025 from a loss of US$38 million in Q3 2024, mainly due to increases in revenue, improvements in adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) margins, and disciplined cost management.

Adjusted Ebitda was US$136 million for the quarter, an improvement of 51 per cent year on year from US$90 million. This was due to the company growing on-demand gross merchandise value and revenue, while improving profitability on a segment-adjusted Ebitda basis.

“We now expect full-year group revenue to come in at US$3.38 billion to US$3.4 billion, up from our prior range of US$3.33 billion to US$3.4 billion, and are also upgrading our full-year adjusted Ebitda guidance to US$490 million to US$500 million, from US$460 million to US$480 million,” said Peter Oey, chief financial officer of Grab.

The company will continue to prioritise innovation to fuel profitable growth in its core on-demand business, while making investments to accelerate growth in financial services and explore autonomous vehicle and remote driving opportunities.

Shares of Nasdaq-listed Grab closed up 1 per cent or US$0.06 at US$6.07 on Monday.