Singapore-based Grab, the region's largest ride-hailing and delivery platform, updated its 2026 revenue outlook and announced a substantial share repurchase program on Tuesday, citing rising demand across its core businesses.
The company raised its projected total revenue for 2026 to a range of $4.10 billion to $4.15 billion, up from a previous forecast of $4.04 billion to $4.10 billion. That revised guidance sits close to analysts' consensus of $4.12 billion, based on data compiled by LSEG.
Grab reported total revenue of $997 million for the second quarter ended June, a year-on-year increase of 22 percent, and slightly above analysts' estimate of $990.8 million. Following the update, shares of the Nasdaq-listed company, which had fallen more than 26 percent so far this year, rose by over 3 percent in after-hours trading.
Alongside the guidance bump, the company unveiled a new $750 million share buyback program.
Management attributed growing demand to a combination of promotional activity and platform enhancements. Initiatives highlighted by the company include order bundling and a lower-priced ride option called "Saver" - measures intended to attract price-sensitive customers contending with elevated fuel costs following the Iran war.
Grab is also accelerating expansion in several areas it identifies as growth engines. Grocery delivery is described as one of the company's fast-growing segments, while its financial services arm is being scaled through expanded loan and insurance products for both riders and merchants operating on the platform.
The company emphasized that these service expansions and pricing strategies are central to its plan to deepening engagement with cost-conscious consumers and to broaden monetization across the platform.
Context and market reaction
The combined effect of a revenue beat, an upward revision to annual guidance and a sizeable buyback contributed to the positive after-hours move in Grab's share price. Nevertheless, the stock remains down materially year-to-date.
Investors and market participants will likely watch execution on grocery delivery scale-up, adoption of the Saver tier and the rollout of financial services to assess whether the company can sustain the momentum that underpinned the quarter.