Grab advances after raising annual revenue forecast

Grab Holdings

03/11/2026 11:41

** Shares of Singapore's Grab Holdings GRAB.O gain 10.1% to $3.15 premarket 
** Co expects 2026 revenue between $4.15 bln and $4.20 bln, up from the previous range of $4.10 bln to $4.15 bln 
** Sees annual EBITDA between $790 mln to $800 mln, versus $720 mln to $740 mln earlier
** Southeast Asia's largest ride-hailing and delivery firm also posts first-ever core profit in financial services unit in Q3
** Q3 revenue of $1.11 bln beats analysts' estimates of $1.07 bln - data compiled by LSEG
** JP Morgan raises PT on stock to $5.10 from $4.80 following results 
** All 19 analysts covering stock rate it "buy" or higher, median PT at $5.50 - LSEG
** As of last close, GRAB stock down over 42% YTD 

 (Reporting by Jayasree Prabhu)
 ((jayasree.prabhu@thomsonreuters.com))