Alexander Hungate

President & Chief Operating Officer, Grab Holdings

Search every verified Alexander Hungate interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Alexander Hungate, President and Chief Operating Officer of Grab Holdings, discussed the company's first-quarter 2026 earnings on May 4, 2026. He stated that the company had a "phenomenal quarter," with revenue growing 24% year-over-year, on-demand gross merchandise value (GMV) up 24%, adjusted EBITDA of $154 million (up 46%), and adjusted free cash flow of $98 million. Hungate attributed the strong performance partly to seasonal factors like Chinese New Year and Ramadan being concentrated in the first quarter. He noted that the company made a conscious decision to invest in AI infrastructure, including a tokenization stack and cloud capacity, and said early returns from these investments are showing up in the numbers, with over 50% adoption of a driver AI system generating 1.25 million interactions in two months. Hungate also addressed several strategic initiatives. He announced that Grab is advancing its buyback mandate with a $400 million accelerated share repurchase program, which he described as a reflection of the company's conviction in its long-term value. Regarding electric vehicles, Hungate said Grab is committed to accelerating the EV transition to reduce driver partners' exposure to fuel price volatility, citing a "drive to own" program in Thailand and the Philippines connecting drivers with OEMs like BYD and GAC, with deals for up to 70,000 vehicles across six markets. On regulatory matters in Indonesia, Hungate stated that recent government announcements focused on "Ojol" (two-wheel ride-hailing) drivers, while four-wheel drivers earn well above the minimum wage and are "less of a concern for government and regulators."