Grab (GRAB) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, May 5, 2026 astatine 8:57 AM CDT 29 min read

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DATE

Monday, May 4, 2026, astatine 7 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Ping Yeow Tan

• Chief Operating Officer — Alexander Charles Hungate

• Chief Financial Officer — Peter Oey

Full Conference Call Transcript

Ping Yeow Tan: Great. Thanks, Doug. Good day, everyone, and convey you for joining us. We acceptable retired to commencement 2026 strongly, and we delivered against the backdrop of our seasonally softest 4th owed to Ramadan and Chinese New Year, on-demand GMV maturation accelerated to 24% year-on-year, portion radical MTUs accrued to 52 million. In Financial Services, indebtedness disbursals grew 67% to transcend $1 cardinal for the archetypal time, and we stay connected way for our Financial Services conception to execute adjusted EBITDA breakeven successful the 2nd fractional of this year. We besides delivered our 17th consecutive 4th of adjusted EBITDA growth, expanding our trailing 12-month adjusted escaped currency travel to $489 million.

These results show the compounding quality of our strategy, which is progressively being accelerated by our investments successful AI. What genuinely sets our AI capabilities isolated however, is the proprietary information instauration we spent the past 14 years gathering to powerfulness them. Today Grab operates arsenic a strategy of grounds for section commerce crossed Southeast Asia. We seizure highly localized real-time information connected however implicit 50 cardinal users and partners interact crossed 8 markets. Over the years, this has generated a proprietary information acceptable of implicit 20 cardinal transactions.

We provender these multimodal signals from hyper section mapping to in-store outgo terminals into our AI Grab quality furniture to optimize our ain marketplace ratio from dynamic pricing to past mile routing. Crucially, we paired this information vantage with our monolithic done carnal fulfillment network. That closed loop strategy oregon ecosystem is our biggest competitory mode, which is wherefore our AI investments construe straight into measurable fiscal outcomes. We are already seeing important tangible returns connected these initiatives.

For instance, I'm pleased to stock operator partners who adopted Turbo, our AI-powered driving mode successful our Grab Driver app to optimize operator net and efficiency, saw a 23% uplift successful net per online hr compared to operator partners who person not adopted a feature. This has contributed to Mobility transactions maturation outpacing Mobility GMV maturation with transactions up 28% year-on-year. Within a twelvemonth of launch, our merchant AI Assistant, Mai has been adopted by astir fractional of our progressive azygous store-merchant base, driving a 15% uplift successful GMV for engaged users. This deepened engagement straight supports our quality to amended monetization with mean advertiser walk increasing 44% year-on-year arsenic merchants spot expanding measurable returns.