Grab raises annual outlook after quarterly earnings reach US$18 million

Grab reported US$18 million in earnings for the third quarter of 2026, up 5 per cent against a year earlier, and increased its full-year forecasts. In its Nov 3 announcement, the company put quarterly revenue at US$1.1 billion, a rise of 27 per cent.

The revised annual revenue forecast has a lower bound of US$4.15 billion and an upper bound of US$4.2 billion, implying growth of 23 per cent to 25 per cent. The earlier bounds were US$4.1 billion and US$4.15 billion. Grab also raised its adjusted Ebitda projection: it now expects US$790 million to US$800 million, replacing the US$720 million to US$740 million range.

Quarterly operating profit reached US$108 million, an increase of 297 per cent. Grab attributed the improvement to revenue gains across its businesses, although higher revenue costs and financial-asset impairment losses partly offset those gains. Anthony Tan, chief executive and co-founder, said the platform recorded 57 million monthly transacting users, a new high.

Financial services brought in US$201 million, up 124 per cent, largely through increased lending. This included contributions following the June consolidation of Indonesia’s Superbank and the acquisition of Stash at the quarter’s start. The segment recorded positive adjusted Ebitda for the first time: US$12 million, versus a US$28 million loss a year earlier.

Revenue from deliveries reached US$561 million, rising 21 per cent as food and grocery gross merchandise value expanded and advertising monetisation improved. Mobility generated US$349 million, a 10 per cent increase supported by growth in users, transactions and gross merchandise value.

Separately, Grab said Taiwan’s Fair Trade Commission had rejected its planned acquisition of foodpanda Taiwan, triggering a US$60 million break fee. The company said that expense would leave its 2026 guidance unchanged.