SINGAPORE - Grab raised its 2026 revenue and adjusted EBITDA guidance after reporting stronger second-quarter results.

The Southeast Asian technology company now expects full-year revenue of $4.10 billion to $4.15 billion, up from the $4.04 billion-to-$4.10 billion range maintained with its first-quarter results. Adjusted EBITDA, a non-IFRS profitability measure, is forecast at $720 million to $740 million, compared with the previous $700 million-to-$720 million range.

Grab’s second-quarter results showed mobility revenue rising 12% year on year to $331 million. Mobility gross merchandise value, representing the total dollar value of transactions in the segment, increased 18% to $2.214 billion, while mobility transactions climbed 28% as Grab promoted its affordable product tiers.

Transactions grew faster than GMV, implying that average GMV per mobility transaction declined by about 8%, consistent with the company’s affordability strategy. Grab also reported a record 54 million monthly transacting users across its products and services, a metric that includes lending users and offline Jaya Grocer shoppers who record loyalty points through the Grab app.

Average monthly active driver-partners rose 19% from a year earlier to an all-time high. Grab said it committed more than $7 million to support on-demand driver-partner earnings during what it described as an ongoing regional fuel crisis. Total customer and partner incentives reached $706 million during the quarter.

Group revenue increased 22% to $997 million, while adjusted EBITDA rose 54% to $168 million. Profit for the period reached $235 million, including a one-time $307 million gain from the consolidation of Indonesian digital bank Superbank. Grab shares rose about 4% in extended trading after the results, Reuters reported.

Chief Financial Officer Peter Oey said the higher guidance reflected “the strength of our underlying business” alongside the Superbank consolidation and Grab’s acquisition of US digital investing platform Stash. The company said Stash’s results would be consolidated into its financial-services segment from the third quarter.

Grab’s board also authorised a new share-repurchase programme of up to $750 million, bringing cumulative authorisations since 2024 to $1.75 billion.