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Grab shares rose over 5% premarket after CEO Anthony Tan and COO Alexander Hungate purchased approximately 10.65 million shares worth over $30.7 million.
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Grab raised its full-year 2026 guidance after strong Q3 earnings, with Financial Services achieving profitability for the first time, AI deployment reducing compute costs by 42% while interactions grew 60%, and autonomous vehicle expansion through asset-light partnerships. All three operating segments are now profitable, with management emphasizing the long-term trajectory of the business.
Grab Holdings surged 9% after reporting Q3 revenue above estimates and raising full-year 2026 guidance. The Southeast Asian super-app achieved profitability across all three segments (mobility, delivery, fintech) for the first time, with revenue up 27% and adjusted EBITDA soaring 73%. Despite a $60 million breakup fee from a canceled Taiwan acquisition, the company's strong cash position and improving margins position it as an attractive growth stock.
Grab Holdings has increased its annual revenue forecast following strong demand in its delivery and ride-hailing segments.
Grab Holdings has signed a Framework Agreement with SoftBank Group and Petroleum Sarawak Berhad (PETROS) to develop an AI and digital infrastructure platform in Sarawak, Malaysia. The collaboration aims to accelerate AI adoption and strengthen digital connectivity, with each partner contributing distinct capabilities: SoftBank providing AI and technology expertise, Grab offering its Southeast Asian digital ecosystem, and PETROS supplying energy infrastructure support. The partnership could enhance Grab's AI capabilities across mobility, deliveries, and financial services.
Cramer criticized Fermi, avoided aerospace stock Heico, and questioned Grab’s turnaround after its $1.49B Atome deal.