Grab Lifts 2026 Revenue and EBITDA Outlook After Q3 Beat, Financial Services Turns Core Profitable
GRAB is trading near its 52-week low of $2.67 (9.0% above the low).
Summary
Grab raised its full-year 2026 revenue range to $4.15-4.20 billion from $4.10-4.15 billion and lifted adjusted EBITDA guidance to $790-800 million from $720-740 million. Third-quarter revenue rose 27% to $1.11 billion, ahead of the $1.07 billion LSEG consensus, and GMV across mobility and delivery grew 18% to $6.8 billion. Third-quarter adjusted EBITDA came in at $237.0 million versus $136.0 million. The financial services unit posted its first ever core profit as drivers and merchants took up loans and insurance. Monthly transacting users hit a record 57 million, up from 54 million three months ago. Shares rose more than 3% after hours, though they are still down 42% this year. Grab repurchased $400 million of shares in September and October, leaving $500 million under its buyback program, and will incur a $60 million break fee after Taiwan rejected its foodpanda Taiwan acquisition. This is the first hard guidance raise since the September 15th $1.49 billion Atome acquisition and the CEO's $29.9 million open-market share purchase on September 22nd — both now look better timed against improving fundamentals.
Updated with an SEC 6-K filing · What changed
Updates
· SEC 6-K — Grab repurchased $400 million of shares in September and October, leaving $500 million under its buyback program, and will incur a $60 million break fee after Taiwan rejected its foodpanda Taiwan acquisition.
At the time of this announcement, GRAB was trading at $2.91 on NASDAQ in the Technology sector, with a market capitalization of approximately $11.7B. The 52-week trading range was $2.67 to $6.24. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.