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Grab Surges Past Revenue Goals, Boosts 2023 Forecast

11/5/2025

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Summary

Story summary

Grab Holdings exceeded third-quarter revenue expectations by posting $873 million in revenue, driven by ride-hailing and food delivery.
Grab is evolving into a 'superapp' to meet needs amid uncertainty.
CFO Peter Oey said about one-third of new delivery users come from affordable options, with 40% upsold to standard products.
Grab raised its annual revenue forecast to at least $3.38 billion and is exploring autonomous robotaxi to boost Southeast Asia growth.

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Story summary

Grab Holdings exceeded third-quarter revenue expectations by posting $873 million in revenue, driven by ride-hailing and food delivery.
Grab is evolving into a 'superapp' to meet needs amid uncertainty.
CFO Peter Oey said about one-third of new delivery users come from affordable options, with 40% upsold to standard products.
Grab raised its annual revenue forecast to at least $3.38 billion and is exploring autonomous robotaxi to boost Southeast Asia growth.