Grab Crushes Q2 Estimates, Raises Guidance, and Adds $750M Buyback
GRAB sits 17% above its 52-week low of $3.18.
Summary
Grab delivered a blowout Q2: EPS of $0.06 trounced the $0.02 consensus, revenue of $997M edged past estimates, and adjusted EBITDA surged 54% to $168M. The company raised its full-year revenue guidance to $4.10B–$4.15B, with the midpoint now above analyst expectations. A new $750M share repurchase program adds to the capital return story, bringing total authorized buybacks to $1.75B since 2024. Financial Services is nearing breakeven, with the EBITDA loss narrowing to $15M and management guiding for segment profitability in H2 2026. The results follow yesterday's guidance raise and CFO warning on currency/fuel headwinds, but the magnitude of the beat and the buyback announcement overshadow those concerns. With record MTUs of 54M and accelerating GMV growth, the quarter confirms strong underlying demand across ride-hailing, delivery, and fintech.
At the time of this announcement, GRAB was trading at $3.73 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $15.3B. The 52-week trading range was $3.18 to $6.62. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Benzinga.