Grab Holdings stock closed up 9.09% at $3.12 after the company reported Q3 revenue above estimates and raised its full-year 2026 outlook. Management also said all three segments reached profitability for the first time. A canceled foodpanda Taiwan deal brought a $60 million breakup fee.
Grab Holdings closed at $3.12, up 9.09%, after the Southeast Asian super-app for ride-hailing, delivery, and fintech services reported Q3 revenue above estimates. The company also raised its full-year 2026 outlook. Investors are watching whether the higher guidance and improved profitability extend the move.
Q3 results show profit in all three segments
Management said revenue rose 27%. Adjusted EBITDA rose 73%. The adjusted EBITDA margin expanded nearly 6 percentage points.
Grab also repurchased $400 million worth of shares and reached 57 million monthly transacting users. Mobility, delivery, and financial services all reached profitability for the first time.
Guidance rises, a Taiwan deal falls through
Management raised full-year guidance to 25% sales growth and a 59% increase in adjusted EBITDA.
However, Grab also announced that its proposed acquisition of foodpanda's Taiwanese business for $600 million was canceled. The cancellation cost Grab a $60 million breakup fee. The Motley Fool's author noted that Grab holds a net cash balance of roughly $6 billion.
Peers and indexes
Grab's move came as the S&P 500 rose 0.36% to 7,569 and the Nasdaq Composite gained 0.83% to 25,372. Among delivery peers, DoorDash closed at $183.32, down 3.55%.
Source: The Motley Fool
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