Grab Upgrades Guidance After Third-Quarter Rises in Revenue, Profit

By Kimberley Kao

Southeast Asian ride-hailing and delivery firm Grab Holdings upgraded full-year guidance after posting third-quarter results.

The company is on track to finish the year on a high note, said co-founder and Chief Executive Anthony Tan.

Citing strong momentum across the business, Nasdaq-listed Grab tightened annual revenue guidance, now seeing growth of 21% to 22% versus 19% to 22% previously.

It also raised full-year estimates for adjusted earnings before interest, taxes, depreciation, and amortization to $490 million-$500 million, from $460 million-$480 million, noting continued cost discipline.

The company on Tuesday reported a net profit of $17.0 million for the third quarter, compared with $15 million a year earlier.

This was primarily driven by positive operating profit and lower income tax expenses, Grab said.

Revenue rose to an all-time high of $873.0 million for the quarter, aided by growth across segments.

Grab now expects revenue for the year at $3.38 billion to $3.40 billion, versus a prior range of $3.33 billion to $3.40 billion.

Group adjusted Ebitda climbed 51% on the year to a record $136 million during the quarter. That marked a fifteenth consecutive quarter of sequential profitability improvement, it said.

The metric excludes restructuring costs, share-based compensation expenses, fair-value changes on investments and other expenses.

Write to Kimberley Kao at kimberley.kao@wsj.com

(END) Dow Jones Newswires

November 03, 2025 19:13 ET (00:13 GMT)