Grab lifts 2026 revenue forecast on solid delivery, ride-hailing demand
Grab also announced a new US$750 million share buyback programme.
On August 4, Singapore-based Grab announced an unexpected boost to its annual revenue and profit forecasts, citing a surge in demand for its ride-hailing and delivery services on Aug 4. The ride-hailing and delivery behemoth, which reigns supreme in Southeast Asia, attributed its optimistic outlook to promotional activities and strategic expansions. This bullish outlook led to a 3% jump in the company's Nasdaq-listed shares during extended trading, despite the fact that its stock had plummeted over 26% in 2026.
Grab's success has been underpinned by a string of initiatives, such as bundled order options and the "Saver" tier aimed at budget-conscious consumers. This comes amidst a backdrop of soaring fuel prices worldwide following the Iran conflict. In addition, the company is accelerating its grocery delivery operations, a fast-growing sector of its business, and expanding its financial services arm by offering loans and insurance products to riders and merchants within its platform.
The firm's Gross Merchandise Value (GMV), which represents the total dollar value of transactions, experienced a robust 21% increase to $6.5 billion in the second quarter, propelled by a surge in the active user base. With 54 million users operating from over 900 cities, Grab disclosed that it allocated $706 million in incentives for customers and drivers during this period, including more than $7 million to bolster driver income amidst the ongoing fuel crisis.
Grab has now revised its 2026 revenue expectations to range between $4.10 billion and $4.15 billion, a notable uptick from its previous projection of $4.04 billion to $4.10 billion. Analysts had anticipated annual revenue of $4.12 billion, according to data sourced from LSEG. Furthermore, Grab has raised its guidance for annual adjusted EBITDA, forecasting earnings between $720 million and $740 million, an improvement from the previously anticipated range of $700 million to $720 million.
The company's second-quarter revenue of $997 million, which rose by 22%, surpassed market estimates of $990.8 million.
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