Grab Holdings raised its full-year revenue and profit forecasts on August 4, 2026, crediting AI investments and an aggressive affordability push for helping it grow despite rising fuel costs across Southeast Asia. The company now expects full-year revenue between $4.10 billion and $4.15 billion and EBITDA between $720 million and $740 million, while also announcing a new $750 million buyback. Second-quarter revenue rose 22% to $997 million, beating analyst estimates, and net income jumped to $252 million from $35 million a year earlier. CFO Peter Oey said AI has helped Grab ship products more than 30% faster and eliminate nearly 40,000 hours of sales inefficiencies, with the technology now embedded across operations. However, the company spent $706 million on customer and partner incentives in the quarter to maintain low prices, and faces regulatory headwinds including a cut to maximum commission rates in Indonesia.
Grab Holdings Ltdraised full-year revenue and profit outlook, beat Q2 estimates, and announced $750M buyback
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