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Grab Holdings outperformed analysts’ expectations for its third-quarter revenue, driven by strong consumer spending on ride-hailing and food-delivery services. The company’s evolution into a “superapp” — offering a combination of ride-hailing, food and grocery delivery, and financial services — continues to gain traction among users seeking an all-in-one digital lifestyle solution. This strategy has helped Grab maintain resilience in a challenging economic environment influenced by tariffs and fluctuating consumer confidence.
Grab’s focus on affordability has been pivotal to its growth. The company has introduced budget-friendly ride-hailing and food-delivery options to attract price-sensitive customers while maintaining engagement through upselling. Chief Financial Officer Peter Oey told Reuters that around one-third of new monthly transacting users in the delivery segment come from affordable channels, with about 40% later upgrading to standard services. Oey emphasized that these customers are becoming more active, spending more frequently, and increasing overall platform engagement.
For the third quarter, Grab reported revenue of $873 million, slightly surpassing the $872.9 million average analyst estimate from LSEG. The deliveries segment generated $465 million, just below expectations of $470 million. Reflecting confidence in its growth trajectory, Grab raised the lower end of its annual revenue forecast to $3.38 billion from $3.33 billion, maintaining the upper limit at $3.40 billion. The company also revised its annual adjusted EBITDA guidance upward to a range of $490 million to $500 million, compared with the earlier $460 million to $480 million.
As competition across Southeast Asia intensifies, Grab is leveraging its established ride-hailing network to expand into the autonomous robotaxi market, which analysts predict will see rapid growth. This move underscores Grab’s long-term commitment to innovation, affordability, and sustainable expansion across its growing ecosystem of digital services.
