Grab Shares Tumble 7% as Q3 Profit Falls Short Despite Revenue Beat

Grab Holdings shares tumbled 7% in premarket trading on Tuesday after the Southeast Asian ride-hailing and delivery giant reported third-quarter results that showed modest profit growth despite beating revenue expectations.

The company posted revenue of $873 million for the third quarter ended September 30, 2025, exceeding analyst estimates of $870.64 million and representing a 22% increase YoY, or 17% on a constant currency basis.

However, profit for the quarter came in at just $17 million, a marginal improvement of $2 million from the same period last year, disappointing investors who expected stronger bottom-line growth.

On-Demand GMV, which combines Mobility and Deliveries segments, grew 24% YoY to $5.8 billion, while Adjusted EBITDA rose 51% YoY to $136 million. The company reported Adjusted Free Cash Flow of $283 million on a trailing twelve-month basis.

"This quarter marks another vital step forward in our journey, not just in financial performance, but in how we are building a more resilient, technology-driven platform for the long term," said Anthony Tan, Group Chief Executive Officer and Co-Founder of Grab.

Grab’s Deliveries segment saw revenue grow 23% YoY to $465 million, while Mobility revenue increased 17% YoY to reach $2.04 billion in GMV. Financial Services showed the strongest growth, with revenue up 39% YoY to $90 million, driven by increased lending activities.

The company raised its full-year revenue guidance to $3.38-$3.40 billion from the previous range of $3.33-$3.40 billion. Grab also upgraded its full-year Adjusted EBITDA guidance to $490-$500 million from $460-$480 million previously.

Despite these positive developments, the modest profit growth appears to have disappointed investors looking for stronger earnings momentum, resulting in the significant stock decline following the announcement.