Grab raises 2026 forecasts as ride-hailing and delivery demand holds up

what happened

Grab, Southeast Asia's largest ride-hailing and delivery company, raised its annual outlook on Tuesday, according to Reuters. It now expects 2026 revenue of $4.15 to $4.20 billion, up from its earlier $4.10 to $4.15 billion range, and adjusted EBITDA of $790 to $800 million, compared with a previous estimate of $720 to $740 million.

Third-quarter revenue grew 27% to $1.11 billion, topping the $1.07 billion analysts expected, based on LSEG-compiled data. The financial services unit posted positive adjusted EBITDA of $12 million for the first time, against a $28 million loss a year earlier, as more drivers and merchants used its loans and insurance products.

Chief financial officer Peter Oey said high fuel prices and inflation are squeezing drivers and shoppers, yet customers keep ordering more. Grab is giving drivers fuel subsidies and financing to move to electric vehicles ahead of the holiday season. Shares rose about 5% in extended trading on Monday, though they are still down 42% this year.

why it matters

A 42% decline this year makes the market reaction stand out: the raised guidance and the after-hours gain suggest investors are revisiting their view of the company. The main risk is rising fuel costs for drivers, which could eventually weigh on demand.

market impact

Grab shares: raised guidance and a revenue beat support the stock

• ▲Grab shares pressure up — raised guidance and revenue above estimates support the stock

tags

instruments