Grab Lifts 2026 Forecasts and Announces $750M Share Buyback
Singapore-based Grab raised its 2026 projections on solid delivery and ride-hailing demand, alongside announcing a US$750 million share buyback that lifted its Nasdaq-listed stock by 3% in extended trading.
Singapore-based delivery and ride-hailing company Grab has raised its financial forecasts for 2026, driven by solid demand across its core services.
Along with the upgraded 2026 projections, Grab announced a new US$750 million share buyback program. The repurchasing plan reflects the firm's capital management strategy.
The upbeat forecasts and the stock repurchasing initiative helped lift market sentiment. Following the announcements, shares of the Nasdaq-listed firm rose by 3 percent in extended trading.
Despite the recent after-hours stock gain, the company has faced market headwinds overall. Grab's share price remains down by more than 26 percent for the year to date.
Source attribution
- channelnewsasia.com
Original source links
- channelnewsasia.com: Original source
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Grab · Singapore · Business · Stocks · Nasdaq
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