Grab Cuts Fares 16% and Boosts Driver Earnings 29%, Posts $200 M Profit
Grab reduced passenger fares 16% while boosting driver earnings 29%, ending 2025 with 129 million annual, 47 million monthly and 7.8 million daily transacting users, and 66% of customers using multiple services. Full-year 2025 delivered $200 million net profit, $290 million free cash flow and $500 million adjusted EBITDA, with 2026 revenue guidance of $4.04–4.10 billion.
1. Operational Priorities and Metrics
President and COO outlined three strategic priorities: affordability, ecosystem engagement and technology investments. Grab cut passenger fares 16% and increased driver earnings 29% through network density and AI-driven dispatch. The platform closed 2025 with 129 million annual transacting users, 47 million monthly users, 7.8 million daily users and 66% of customers using two or more services.
2. Profitability Milestone and Cash Flow
The company achieved its first full year of net profit at $200 million in 2025. Adjusted free cash flow doubled to $290 million and adjusted EBITDA rose 60% year-over-year to $500 million, driven by 21% GMV growth and a new $500 million share repurchase program.
3. 2026 Guidance and Long-Term Targets
Management issued guidance for 2026 revenue of $4.04–4.10 billion (20–22% growth) and adjusted EBITDA of $700–720 million (40–44% growth), with financial services nearing breakeven. A multi-year framework targets ~20% revenue CAGR through 2028, $1.5 billion adjusted EBITDA and over $1.2 billion free cash flow by 2028.