Key Highlights

  • Grab shares were up 9.79% to USD 3.14 in pre-market trading on November 3, 2026.
  • Third quarter 2026 Revenue was USD 1,112 million, up 27% year on year.
  • Adjusted EBITDA was USD 237 million, up 73%, and FY2026 guidance rose to USD 790 million to USD 800 million.
  • Operating profit was USD 108 million, up from USD 27 million (calculated).
  • Grab repurchased USD 400 million of Class A shares in September and October 2026.

What Moved Grab Stock in Pre-Market Trading (up USD 0.2800, 9.79%)?

Grab Holdings (NASDAQ:GRAB) was up 9.79% to USD 3.14 in pre-market trading on November 3, 2026, against the Monday, November 2 close. The move follows the company's third quarter 2026 results, which it said showed all three core segments profitable in the same quarter for the first time.

Grab also raised its full-year outlook, which gave investors a clear reason to bid shares higher in extended trading.

What Did the Third Quarter Report Show?

According to the company press release dated November 3, 2026, revenue for the quarter ended September 30, 2026 was USD 1,112 million, up 27%. Adjusted EBITDA reached USD 237 million, up from USD 136 million, with a Margin of 21.3%. Operating profit was USD 108 million, an increase of USD 81 million.

Profit for the period was USD 18 million, compared with USD 17 million a year earlier, reflecting a USD 57 million net Fair Value loss and a USD 12 million Impairment on an equity-accounted investee. On-demand gross merchandise value was USD 6.8 billion, up 18%, and monthly transacting users reached a record 57 million.

Guidance for 2026 now calls for revenue of USD 4.15 billion to USD 4.20 billion and adjusted EBITDA of USD 790 million to USD 800 million. On the earnings call, management said the fourth quarter includes deliberate Investment in driver supply, new products and marketing.

What Does Grab Do?

Grab operates a Southeast Asian super app spanning deliveries, mobility and financial services. In the quarter, deliveries revenue was USD 561 million, mobility USD 349 million and financial services USD 201 million, up 124%, with a gross Loan portfolio of USD 2.7 billion.

What Are the Balance Sheet and Risk Points?

Gross cash Liquidity was USD 7.1 billion and net cash liquidity USD 5.0 billion at quarter end. The company said it will record a USD 60 million break fee in the fourth quarter after Taiwan's Fair Trade Commission rejected its proposed foodpanda Taiwan Acquisition in October 2026; this is excluded from adjusted EBITDA. A pending acquisition of Atome still needs regulatory approval, and Grab's loan growth brings Credit quality into focus, with Non-Performing Loans at 2.6%. Shares priced under USD 5 can be volatile, and pre-market liquidity is thin.

What Should Investors Watch Next?

Investors are likely to follow whether the pre-market gain holds in regular trading, how fourth quarter spending compares with guidance, and progress on the remaining USD 500 million buyback authorization. Regulatory developments in Indonesia and the Atome approval are other items in focus.