Grab Holdings has lifted its full-year revenue and profit forecasts, signaling accelerating momentum in its core ride-hailing and food-delivery businesses.
The Singapore-based super app attributed the upgrade to sustained strong demand across its platforms, bolstered by artificial intelligence incentives that are improving operational efficiency and unit economics.
In its most recent second-quarter results, Grab reported a profit of US$252 million, a sharp 720% increase from the US$35 million posted in the same period last year.
The guidance increase follows a period of significant profitability improvement for the company.
In its most recent second-quarter results, Grab reported a profit of US$252 million, a sharp 720% increase from the US$35 million posted in the same period last year.
The current forecast raise suggests that the trajectory of margin expansion and top-line growth is outpacing earlier expectations, driven by both volume growth and cost optimization.
Investors have closely watched Grab’s ability to scale profitability while maintaining market share in Southeast Asia’s competitive digital economy.