Grab Holdings climbs 6% as Q3 results beat and guidance raised

Grab Holdings (GRAB.US) climbed nearly 6% during regular trading to $3.30.

The passenger ground transportation industry index rose 3.3% over the same period.

The company reported third-quarter revenue of $1.112 billion, up 27% year-over-year, while adjusted EBITDA surged 73% to a record $237 million. All three core segments — mobility, deliveries and financial services — achieved adjusted EBITDA profitability. Management raised its full-year revenue forecast to $4.15 billion to $4.2 billion and lifted its adjusted EBITDA outlook to $790 million to $800 million. JPMorgan raised its price target to $5.1 from $4.8 while maintaining an Overweight rating.

Separately, Grab plans to expand its autonomous vehicle fleet in Singapore and noted that the pending acquisition of Atome may affect future performance targets. Taiwan regulators declined to approve the proposed foodpanda acquisition, which will trigger a $60 million breakup fee in the fourth quarter of 2026.

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