Grab Holdings Ltd. has reported a robust performance for April and May 2025, despite macroeconomic uncertainties. The company experienced a 19% growth in On-Demand GMV compared to the same period in 2024, maintaining consistency with their Q1 earnings report. The number of mobility rides showed an even stronger performance, with a growth rate of 23% year-over-year for the months of April and May. This growth surpassed the GMV increase, reflecting an expansion in the user base. Additionally, Deliveries GMV for the same period grew by 20% compared to 2024. The improvements are attributed to Grab's focus on product-led growth and affordability initiatives, which have resulted in stronger user engagement, frequency, and retention. More detailed insights into Grab's overall performance will be provided during their upcoming Q2 earnings call.