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Singapore, November 3, 2026 – Grab Holdings lifted its revenue and earnings forecasts on Tuesday, betting demand for ride-hailing and food delivery will outweigh rising costs and regulatory pressure across Southeast Asia.
The company expects 2026 revenue of $4.15 billion to $4.20 billion, up from its August forecast of as much as $4.15 billion.
It raised its adjusted earnings before interest, taxes, depreciation and amortization outlook to $790 million to $800 million, from a previous ceiling of $740 million.
The revised outlook followed a third quarter.
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Revenue climbed 27 percent to $1.11 billion, while adjusted earnings before interest, taxes, depreciation and amortization rose 74 percent to $237 million. Analysts had expected $194 million, according to Bloomberg data.
Grab added three million monthly transacting users during the quarter, bringing the total to a record 57 million.
The increase suggests the Singapore-based company is attracting customers despite competition from Indonesia’s GoTo Group and other operators.
Growth comes with costs. Higher fuel prices are pressuring drivers and delivery partners, while platform companies offer incentives to keep services affordable.
Such measures may protect demand but threaten margins in businesses known for thin profitability.
Regulatory scrutiny presents another challenge. Indonesia, one of Grab’s largest markets, has reduced the maximum commission on motorcycle rides and is considering food delivery rules by the end of 2026.
Competition is intensifying in Indonesia and Vietnam, while Uber could return through its planned acquisition of Delivery Hero.
Grab is pursuing growth beyond transport and delivery.
In September, it agreed to acquire a majority stake in buy now pay later provider Atome Financial for $1.49 billion, after buying United States based Stash Financial.
Its financial services division reported its first core profit in the third quarter, as more drivers and merchants used loans, insurance and other products.
The company is adding cheaper and premium services, games and short-form dramas to encourage customers to spend more time in its app.
The improved forecast offers investors evidence of momentum.
But with Grab shares down more than 40 percent since the start of 2026, the company faces a test: turning user growth into durable profits while navigating regulation, competition and uncertain costs.
