Grab Holdings reported a 22% year-on-year increase in revenue to $997 million for the second quarter ended June, surpassing the $990.8 million average analyst estimate. The company attributed the upbeat performance to robust delivery demand and the continued expansion of its grocery service, according to Inside Retail Asia
Grab, which operates ride-hailing, delivery, and financial services across Southeast Asia, has been investing in its grocery and quick-commerce offerings to drive order growth. The delivery segment remains a key contributor to revenue, with stronger demand during promotional periods and expanding merchant partnerships.
The quarterly results underscore the company's ability to grow its top line despite a competitive landscape and macroeconomic pressures. Grab continues to benefit from resilient consumer spending in its core markets, supporting its outlook for the remainder of the year.