Pang Vit

Pang Vit asked about the competitive landscape in Indonesia, seeking insights into Grab's growth and outperformance against peers, and also inquired about the rationale behind the increased guidance, requesting a segment-wise breakdown.

Answer

President and COO Alex Hungate highlighted strong performance in Indonesia, driven by product-led growth, increased MTUs from affordability strategies (Grab Bike/Car Saver) and high-value services (Grab Executive, priority food delivery), and growth in Grab Mart. CFO Peter Oey attributed the raised guidance to robust top-line growth across deliveries (26%), mobility (20%), and financial services (40% revenue), coupled with disciplined cost management and improved operating leverage, anticipating Q4 to be the strongest quarter.

Pang Vit inquired about Grab's competitive landscape, specifically in Indonesia, seeking color on growth achieved and factors driving outperformance. Additionally, Pang Vit asked for details on the increased guidance, including a breakdown by segment.

Answer

President and COO Alex Hungate explained that Grab's product-led growth strategy, including affordability initiatives like GrabBike/GrabCar Saver and high-value services like GrabExecutive, is driving strong MTU growth and sequential margin improvement in Indonesia. CFO Peter Oey attributed the increased guidance to strong top-line growth across deliveries, mobility, and financial services, coupled with disciplined cost management and operating leverage, expecting Q4 2025 to be the strongest quarter.