CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks. Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Open platformOpen platform

Grab Holdings boosts 2026 forecasts on strong delivery, ride-hailing demand

By Reuters News

Nov 3 (Reuters) - Singapore's Grab GRAB.O lifted its annual revenue and profit forecasts on Tuesday, encouraged by strong demand for its ride-hailing and delivery services, while also banking on its burgeoning financial services business to boost growth.

Grab reported its first ever core profit in its financial services business in the third quarter ended September, as more drivers and merchants selling on its platform availed the company's loans, insurance plans and other financial services.

Here are more details:

  • Grab, Southeast Asia's biggest ride-hailing and delivery company, 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

  • Its annual adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) is now projected at $790 million to $800 million, versus $720 million to $740 million previously

  • Grab now has a record 57 million monthly transacting users, up from 54 million three months ago

  • Grab's targeted promotions for consumers helped boost overall usage and transactions, while its incentives for drivers helped it grow the number of driver partners active on its platform

  • "Despite the elevated fuel prices and macroeconomic headwinds across the region... more users are transacting on Grab than ever," said CEO Anthony Tan

  • Total third-quarter revenue rose 27% to $1.11 billion, beating estimates of $1.07 billion, per LSEG data

  • Gross merchandise value (GMV), or the total dollar value of transactions, across Grab's mobility and delivery units, 18% to $6.8 billion in the quarter

  • The company's shares were up more than 3% in extended trading, having fallen 42% so far this year

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.