Grab Holdings Shares Surge 9% Following Q3 Revenue Beat and Upgraded 2026 Outlook
Grab Holdings (GRAB) saw its stock price jump over 9% after reporting third-quarter financial results that exceeded analyst expectations. The Southeast Asian super-app achieved a significant milestone as all three of its core segments—mobility, delivery, and financial services—reached profitability for the first time. This operational turnaround was accompanied by a 27% increase in revenue and a 73% surge in adjusted EBITDA. Bolstered by these results, management raised its full-year 2026 guidance, projecting 25% sales growth and a 59% increase in adjusted EBITDA. Despite a $60 million breakup fee resulting from the canceled acquisition of foodpanda's Taiwanese business, Grab's strong net cash position of approximately $6 billion mitigates the impact. The market responded positively to the improved profitability profile and increased guidance.
Topics: earnings report guidance increase revenue growth stock price movement
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