Key facts
- Grab raised its 2026 revenue forecast to $4.15 billion to $4.20 billion from $4.10 billion to $4.15 billion.
- Grab raised its 2026 adjusted EBITDA forecast to $790 million to $800 million from $720 million to $740 million.
- Grab reported a first core profit in its financial services business in the third quarter.
- Grab said it had a record 57 million monthly transacting users, up from 54 million three months earlier.
- Gross merchandise value across Grab's mobility and delivery units rose 18% to $6.8 billion in the quarter.
- CEO Anthony Tan said more users were transacting on Grab than ever despite elevated fuel prices and regional macroeconomic headwinds.
Grab lifted its 2026 revenue and profit forecasts on November 3, citing strong demand for ride-hailing and delivery services and growth in its financial services business. The Singapore-based company, Southeast Asia's biggest ride-hailing and delivery operator, now expects 2026 revenue of $4.15 billion to $4.20 billion, up from a prior forecast of $4.10 billion to $4.15 billion.
Annual adjusted earnings before interest, taxes, depreciation and amortization are now projected at $790 million to $800 million, compared with $720 million to $740 million previously. Grab reported its first core profit in its financial services business in the third quarter ended September, as more drivers and merchants on its platform took up its loans, insurance plans and other financial services.
Total third-quarter revenue rose 27% to $1.11 billion, beating estimates of $1.07 billion according to LSEG data. Gross merchandise value, the total dollar value of transactions, across Grab's mobility and delivery units rose 18% to $6.8 billion in the quarter. Grab said it had a record 57 million monthly transacting users, up from 54 million three months earlier, helped by targeted consumer promotions and driver incentives.
"Despite the elevated fuel prices and macroeconomic headwinds across the region... more users are transacting on Grab than ever," CEO Anthony Tan said. Grab's shares were up more than 3% in extended trading on November 3, having fallen 42% so far in 2026.