{
  "id": 18033551,
  "title": "Stock Market Today, Nov. 3: Grab Holdings Jumps 9% on Q3 Revenue Beat and Raised 2026 Outlook",
  "url": "https://urgent.news/2026/11/03/stock-market-today-nov-3-grab-holdings-jumps-9-on-q3-revenue-beat-and",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T22:15:46.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/coverage/stock-market-today/2026/11/03/stock-market-today-nov-3-grab-holdings-jumps-9-on-q3-revenue-beat-and-raised-2026-outlook/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "On November 3, Grab Holdings' stock surged by 9% to reach $3.12 after surpassing Q3 revenue expectations and raising its outlook for 2026. The trading volume for the day was 144.8 million shares, which was about 143% above its three-month average of 59.7 million shares.\n\nGrab, a Southeast Asian super-app known for ride-hailing, delivery, and fintech services, went public in 2020 and has suffered a 74% decline since its initial public offering. The S&P 500 rose by 0.36% to 7,569, while the Nasdaq Composite gained 0.83% to 25,372.\n\nIn the internet services sector, ride-hailing, delivery, and digital financial services companies saw varying results. Ride-hailing leader Uber Technologies fell by 0.17%, while food delivery rival DoorDash dropped by 3.55%.\n\nManagement at Grab announced that they raised their full-year guidance to a 25% increase in sales and a 59% rise in adjusted EBITDA. Although the company's proposed acquisition of foodpanda's Taiwanese business for $600 million was canceled, resulting in a $60 million breakup fee, it was an otherwise strong quarter for Grab.\n\nWith a net cash balance of around $6 billion, the $60 million breakup fee is relatively insignificant to the company. Grab plans to continue relying on acquisitions to expand its services and capitalize on future growth opportunities. At a forward EV/EBITDA of 10, using the management's adjusted EBITDA guidance, Grab's impressive growth figures and improving profitability appear reasonably priced.",
  "summary": "On Nov. 3, 2026, shares of the Southeast Asian super-app climbed as profitability improved across all three core segments for the first time.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "Stock Market Today, Nov. 3: Grab Holdings Jumps 9% on Q3 Revenue Beat and Raised 2026 Outlook",
        "url": "https://urgent.news/2026/11/03/stock-market-today-nov-3-grab-holdings-jumps-9-on-q3-revenue-beat-and-18034765",
        "published": "2026-11-03T22:35:46.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}