Grab Holdings reported first-quarter 2025 revenue of $773 million, exceeding analyst expectations of $766 million and representing an 18% year-over-year increase. The company's adjusted EBITDA rose 71% to $106 million, marking its 13th consecutive quarter of growth. Grab's gross merchandise value (GMV) reached $4.93 billion in Q1, up 16% year-over-year. The active advertiser base expanded by 49% to 191,000, with average advertiser spend increasing by 30%. Daily active users (DAU) totaled 7 million, and monthly active users (MAU) reached 45 million, both up 16% year-over-year. Following these results, Grab raised its full-year earnings forecast, signaling optimism for Southeast Asia's ride-hailing and food-delivery market amid global trade tensions affecting the broader tech industry.