Grab's Q3 2025 Earnings: Revenue Up 22%, Incentives Rise, User Spend Ramps

Grab Holdings reported Q3 2025 results with revenue of $873.0 million, up 22% YoY, and earnings per share of 1 cent, matching expectations. Incentives reached $585 million, with Deliveries revenue climbing 23% YoY to $465 million and Mobility revenue increasing 17% YoY to $317 million. The company expects FY25 revenue of $3.38 billion to $3.40 billion and adjusted EBITDA of $490 million to $500 million.