Grab Adjusts 2026 Revenue Forecast Amid Strong Demand

Singapore's Grab Holdings has revised its revenue and profit forecasts for 2026, reflecting a strong demand for its ride-hailing and delivery services. On August 4, the company announced an expected revenue range of US$4.10 billion to US$4.15 billion, an increase from its previous estimate of US$4.04 billion to US$4.10 billion. Analysts had anticipated annual revenue of US$4.12 billion, according to data compiled by LSEG.

This upward revision is supported by a 22% increase in revenue to US$997 million for the second quarter ended June, surpassing analysts’ expectations of US$990.8 million. The company also raised its forecast for annual adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to between US$720 million and US$740 million, up from a prior estimate of US$700 million to US$720 million.

“The company now expects revenue between US$4.10 billion and US$4.15 billion for 2026, compared with its prior projection of US$4.04 billion to US$4.10 billion.”Grab Holdings

Grab's growth strategy includes the introduction of features such as order bundling and a budget-friendly service tier named “Saver”, aimed at attracting cost-conscious customers facing rising fuel prices due to the ongoing Iran war. The company has also significantly invested in its grocery delivery segment, which is rapidly expanding, alongside its financial services offerings, which include loans and insurance for riders and merchants.

In the second quarter, Grab reported a gross merchandise value (GMV) of US$6.5 billion across its mobility and delivery businesses, marking a 21% increase driven by a growing user base of 54 million across over 900 cities. The firm allocated US$706 million in incentives for customers and drivers during this period, including more than US$7 million to support driver earnings amidst the fuel crisis.

“Grab has rolled out features such as order bundling and a budget-friendly tier called 'Saver', targeting cost-conscious customers grappling with higher fuel prices.”Straits Times

The positive market response to Grab's announcements was evident, as shares of the Nasdaq-listed company rose by 3% in extended trading following the news. However, it is important to note that Grab's stock has seen a decline of over 26% in 2026.

As Grab continues to adapt to the changing market dynamics, its focus on enhancing service offerings and expanding into new segments may position it favorably against competitors in the region, such as Indonesia's GoTo Group, which is also navigating regulatory challenges while pursuing growth in fintech.