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

Singapore's Grab, the Southeast Asian ride-hailing and delivery giant, has increased its 2026 revenue and profit forecasts due to robust demand for its services, according to Reuters. The company now anticipates annual revenue between $4.15 billion and $4.20 billion, an upward revision from its earlier range of $4.10 billion to $4.15 billion. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) are projected at $790 million to $800 million, a widening forecast from $720 million to $740 million.

Grab's user base has reached a new milestone, with a record 57 million monthly transacting users, up from 54 million three months ago. The company attributes this growth to targeted promotional campaigns for consumers and incentives offered to drivers, which have helped increase overall usage and transactions. Despite rising fuel prices and macroeconomic challenges across the region, Grab reports that more users are transacting on its platform than ever before, CEO Anthony Tan stated.

In the third quarter, ending September, Grab's total revenue rose 27% to $1.11 billion, surpassing estimates of $1.07 billion. The company's gross merchandise value (GMV), representing the total dollar value of transactions across its mobility and delivery units, reached 18% to $6.8 billion in the quarter. Grab's financial services business also posted its first-ever core profit, driven by more drivers and merchants utilizing the company's loan, insurance, and other financial services.