NEW YORK, June 10, 2026, 13:48 ET
- Grab shares edged up around 0.5% to $3.315, after hitting $3.25 earlier in the session. The stock is still trading near its 52-week low.
- New company-specific news out of Taiwan. Grab listed partner and merchant commitments as part of its planned acquisition of foodpanda Taiwan, a deal that is still waiting on regulatory sign-off.
- Grab says its planned $600 million buy of Delivery Hero’s Taiwan foodpanda unit would mark its first step beyond Southeast Asia and could lift adjusted EBITDA by at least $60 million in 2028.
Grab Holdings Limited shares ticked up on Wednesday, as investors eyed the company’s push into Taiwan. The stock, listed on Nasdaq, was last at $3.315, up $0.015. It moved in a range of $3.25 to $3.345 in the session.
The shift from Tuesday didn’t come from earnings. Instead, Grab released a June 9 statement listing support promises for delivery partners and merchants in Taiwan as it looks to buy foodpanda Taiwan. That deal still needs the green light from regulators and must clear closing hurdles.
The Taiwan deal stands out because it’s not just another add-on for Grab. The company said in March it would buy Delivery Hero’s foodpanda business in Taiwan for $600 million cash, pitching it as its ninth market and the first outside Southeast Asia. Closing is set for the second half of 2026, according to the company.
The move in Grab shares was limited. Google Finance put the 52-week high at $6.62 and the low at $3.26. The stock dipped to $3.25 intraday Wednesday, brushing against its one-year floor.
Grab is telling Taiwan regulators and partners it doesn’t just want to swap delivery platform owners. Yee Wee Tang, Grab’s group managing director of operations, said, “We approach our entry into Taiwan with deep respect and humility.” Grab also said it would follow local laws and regulatory requirements if regulators clear the deal. Grab
Grab is offering free gear and bags for active foodpanda riders, along with document processing in 24 hours and a support hotline during the transition. The company said it will also provide weekly cash-outs and tools aimed at reducing riders’ waiting time at restaurants. On the merchant side, Grab said it plans to migrate menus, photos and profiles automatically, which should help cut downtime for businesses.
Regulation is in focus for the market here. Uber walked away from its $950 million offer for Delivery Hero’s Foodpanda Taiwan business last year after the Fair Trade Commission in Taiwan blocked the deal, citing anti-competitive issues and a potential 90% share for the merged company, Reuters reported.
Grab says its push for scale and profitability is showing up in the numbers. In the first quarter, revenue climbed 24% from a year ago to $955 million. On-Demand GMV also rose 24%, hitting $6.1 billion. Profit for the quarter came in at $120 million. GMV, or gross merchandise value, counts all rides, delivery orders, and other transactions across the platform before certain deductions.
Grab’s adjusted EBITDA jumped 46% to $154 million in the quarter, a figure that leaves out certain items like interest, taxes, depreciation and amortization. The company also stuck with its 2026 revenue outlook of $4.04 billion to $4.10 billion and its adjusted EBITDA forecast at $700 million to $720 million.
The Taiwan deal adds to that picture. Grab said foodpanda Taiwan had about $1.8 billion in GMV for 2025 and showed a profit on adjusted EBITDA before group-level costs from Delivery Hero. Grab expects the deal to deliver at least $60 million more in adjusted EBITDA in 2028. The company targets early 2027 for moving users, merchants and delivery partners over to its app.
Grab’s cost picture is growing. First-quarter incentives came in at $650 million. The company said On-Demand incentives as a share of GMV climbed, with Grab increasing partner payouts to handle festive demand and help drivers with bigger fuel bills. Boosting partner pay wins political points but could hurt margins if these costs stick as a regular item instead of a temporary push.
Growth stocks struggled as the broader market stayed weak. Reuters said major U.S. indexes dropped Wednesday with tech shares under pressure and volatility picking up. Inflation worries and Middle East tensions weighed on sentiment. The Nasdaq Composite fell 1.18% at 11:36 a.m. ET. Higher oil prices can also hit a ride-hailing and delivery platform, raising driver costs and cutting into incentives.
Taiwan’s approval could get delayed, denied, or come with conditions that cut into the deal’s value. If Grab gets the green light, it still has to move foodpanda users, merchants and delivery partners over, and that could mean lost volume or higher promo spending. Grab flagged risks in its deal filing, saying the actual results could end up different if regulatory approval, integration, customer retention or unexpected costs come into play.
What’s next for Grab isn’t only its daily share price. Now, investors are focused on whether Taiwan regulators allow the foodpanda deal to stay on track for a close in the second half, and if Grab can show that its partner pledges actually help get the deal done instead of just cutting into the margins that are under review.
