Grab’s earnings beat had the stock buzzing

Grab showed up with a better-than-expected quarter

Grab didn’t just wander into earnings season and survive it — it came out looking pretty spry. The Southeast Asian superapp posted second-quarter revenue of $997 million, up 22% year over year, while adjusted EBITDA climbed 54% to $168 million.

And the market noticed. Shares rose in Monday’s after-hours session after already climbing during regular trading, which is basically Wall Street’s version of standing up and clapping twice.

The growth story is still doing laps

The real headline isn’t just that Grab grew — it’s that the business kept getting broader. Monthly transacting users hit a record 54 million, on-demand GMV rose 21% to $6.5 billion, and the company said its AI-led product push kept helping the business scale.

A few numbers that mattered:

• Revenue: $997 million, up 22%
• Adjusted EBITDA: $168 million, up 54%
• Monthly transacting users: 54 million, a new high
• Adjusted EBITDA margin: 16.9%, up from 13.3%

There was also a big profit bump to $235 million, though Grab noted that part of that came from a one-time gain tied to consolidating Superbank. So yes, not all profit is created equal, but the underlying operating trend still looked solid.

Management just turned up the optimism

Grab also lifted its full-year 2026 outlook, now expecting revenue of $4.10 billion to $4.15 billion and adjusted EBITDA of $720 million to $740 million. That’s a nice little confidence flex after a strong quarter.

Then came the cherry on top: the board approved a new $750 million share repurchase program. Since 2024, Grab’s total authorized buybacks now add up to $1.75 billion. Translation: management thinks the stock is worth buying, and they’re willing to put actual money behind that belief.

Big picture

For investors, this is the kind of report that says: growth is still here, margins are improving, and management isn’t hiding under the desk. If Grab can keep turning user growth and AI-driven efficiency into real profits, the stock may have a better case than the market gave it credit for.