Grab Raises 2026 Outlook as AI Accelerates Product Development and Growth
Southeast Asian technology company Grab Holdings has raised its full-year financial outlook after reporting record second-quarter results, with the company crediting artificial intelligence for significantly improving product development speed and operational efficiency.
The Nasdaq-listed company said revenue for the quarter ended June climbed 22% year-on-year to $997 million, while operating profit surged 186% to $19 million, supported by strong demand across its ride-hailing, food delivery and financial services businesses.
Following the results, Grab increased its 2026 revenue forecast to between $4.10 billion and $4.15 billion, up from its previous guidance of $4.04 billion to $4.10 billion.
The company also lifted its projected adjusted EBITDA to $720 million–$740 million, reflecting continued business momentum across Southeast Asia.
Speaking after the earnings announcement, Grab Chief Financial Officer Peter Oey said artificial intelligence has become a core part of the company's operations.
"AI is now embedded in the Grab way of life, whether it's in our products or the way we work," Oey said.
According to the company, AI-powered development tools have enabled engineering teams to launch new products three times faster, reducing development costs while improving operating margins and overall productivity.
Grab also reported strong growth in customer activity during the quarter.
The number of rides completed through the platform increased 28% compared with a year earlier, marking one of the company's strongest growth periods in recent years.
Executives said demand remained robust throughout July despite ongoing global economic uncertainty, while the company's digital financial services business continued expanding rapidly across key Southeast Asian markets.
Grab also provided an update on its proposed acquisition of foodpanda Taiwan from Delivery Hero.
The company said it is continuing to work with regulators and expects to complete the transaction during the second half of 2026, subject to regulatory approval.
Management said the acquisition would allow Grab to introduce more of its technology, delivery and financial service products to Taiwanese consumers once the deal is finalized.
Investors responded positively to the earnings report, with Grab shares rising nearly 5% in extended U.S. trading following the announcement.
Industry analysts said the latest results demonstrate how artificial intelligence is becoming an increasingly important competitive advantage for technology companies, allowing firms to innovate faster while improving profitability and customer experience.
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