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Grab Holdings Boosts 2026 Forecasts on Strong Delivery, Ride-Hailing Demand
Grab lifted its 2026 sales and profit targets after quarterly revenue rose 27% and monthly transacting users reached 57 million.
- On Nov 3, Singapore-based Grab lifted its annual revenue and profit forecasts, driven by strong demand for its ride-hailing and delivery services across Southeast Asia.
- Grab now expects 2026 revenue between $4.15 billion and $4.20 billion, up from its prior forecast of $4.10 billion to $4.15 billion, reflecting expansion into financial services and new product categories.
- Third-Quarter revenue rose 27% to $1.11 billion, beating the $1.07 billion LSEG estimate, while Grab reached a record 57 million monthly transacting users.
- Grab's financial services unit reported its first positive adjusted EBITDA of $12 million, a turnaround from a $28 million loss last year as lending and insurance adoption increased.
- Despite competition from rivals like GoTo Group, Grab projects annual adjusted EBITDA of $790 million to $800 million for 2026, positioning the company for sustained growth.
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Grab: Singapore's Grab lifts 2026 forecasts on strong ride-hailing, delivery demand
Singapore's Grab lifted its annual forecasts on Tuesday, helped by steady growth in its ride-hailing unit, while demand for its delivery services benefited from promotional offers and expansion into categories beyond groceries.
·India
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Grab Boosts Sales, Earnings Forecasts on Rising Ride Demand
Grab Holdings Ltd. raised its full-year revenue and profit forecasts after quarterly earnings beat estimates, signaling confidence that rising ride-hailing and food-delivery demand across Southeast Asia will offset regulatory hurdles.
·New York, United States
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Coverage Details
Total News Sources14
Leaning Left1Leaning Right5Center3Last UpdatedBias Distribution56% Right
Bias Distribution
- 56% of the sources lean Right
56% Right
11%
C 33%
R 56%
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