Grab Raises 2026 Forecasts as Third-Quarter Revenue Rises 27%

Grab Holdings Limited (GRAB) raised its 2026 revenue and adjusted EBITDA forecasts after third-quarter sales climbed 27%, giving U.S. investors new earnings figures after the shares rose in Monday’s regular session.

Revenue reached $1.112 billion for the quarter ended Sept. 30, up 27% from a year earlier. Adjusted EBITDA increased 73% to $237 million. Profit for the period was $18 million, compared with $17 million in the year-earlier quarter. Adjusted EBITDA is a non-IFRS measure.

Grab now expects full-year 2026 revenue of $4.15 billion to $4.20 billion, up from its previous forecast of $4.10 billion to $4.15 billion. It raised its adjusted EBITDA forecast to $790 million to $800 million from $720 million to $740 million.

Financial Services recorded its first positive quarterly segment adjusted EBITDA, at $12 million. The segment had posted a $28 million loss on that measure a year earlier. Grab group chief executive officer and co-founder Anthony Tan said, “We delivered a record 57 million monthly transacting users on our platform this quarter.”

Grab released the results after the Nov. 2 U.S. market close. Its shares had already gained $0.15, or 5.54%, to $2.86 from their Oct. 30 close of $2.71. The regular-session increase therefore preceded the earnings announcement.

The stock reached $2.94 during Monday’s session but ended below each of its three daily exponential moving averages. The 20-day average was $2.88, the 50-day average was $3.06 and the 200-day average was $3.65. The nearest of those averages stood 2 cents above the closing price.

Grab also expects a $60 million break fee in the fourth quarter following Taiwan’s Fair Trade Commission decision to block Grab’s proposed purchase of Foodpanda’s Taiwan business. The fee is expected to affect IFRS profit but is excluded from adjusted EBITDA. Grab said it does not change the company’s 2026 revenue or adjusted EBITDA forecasts.