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

What happened

Grab raised its 2026 revenue forecast to between $4.15 billion and $4.20 billion, up from $4.10 billion to $4.15 billion. It also lifted its adjusted EBITDA forecast to $790 million to $800 million, and said third-quarter revenue rose 27% to $1.11 billion.

Confirmed

Global impact / market context

A higher revenue and profit forecast signals Grab expects more rides, deliveries and financial services activity. Because adjusted EBITDA measures core operating profit before certain costs, the upgrade suggests management expects operating profit to grow faster than previously planned, which could support the stock.

Analyst inference

Grab faces elevated fuel prices and regional economic headwinds, which raise costs for drivers and can weaken consumer spending. Its promotions and driver incentives are lifting usage, but those incentives are a cost that can reduce profit per sale, so the forecast upgrade depends on demand staying strong.

Analyst inference

What to watch

1. Grab now has a record 57 million monthly transacting users, up from 54 million three months ago, a key measure of how many people use its platform each month. Confirmed
2. Watch whether Grab's promotions and driver incentives keep increasing usage without raising costs enough to offset the forecast revenue and profit gains. Proposed
3. Watch growth in Grab's financial services, which reached its first core profit, because more loans and insurance sold to drivers and merchants could add revenue and profit. Analyst inference

Evidence

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