Grab Holdings surges 12% as Q3 results beat and guidance raised

Grab Holdings (GRAB.US) surged more than 12% during regular trading to $3.215.

The company reported third-quarter revenue of $1.11 billion, up 27% from a year earlier, while adjusted EBITDA rose 74% to a record $237 million, with all core business segments turning profitable for the first time. Grab raised its full-year revenue guidance to $4.15 billion to $4.2 billion and lifted its adjusted EBITDA outlook to $790 million to $800 million. Citi maintained a Buy rating on the stock with a price target of $5.50.

Separately, Taiwan regulators declined to approve the proposed acquisition of foodpanda, triggering a $60 million break fee in the fourth quarter.

Based on public media reports. AI-generated; not investment advice.