NEW YORK, December 31, 2025, 07:24 ET — Premarket
- Grab shares fell 0.8% in U.S. premarket trading.
- U.S. stock futures ticked lower in thin year-end trade ahead of New Year’s Day market closure.
- Investors are looking toward Grab’s next results window and competitive pressure in Southeast Asia.
Grab Holdings Limited shares slipped in premarket trading on Wednesday, tracking a softer tone across U.S. equity futures on the final trading day of 2025. The Nasdaq-listed stock was down about 0.8% at $5.07.
The move lands as investors head into a holiday-thinned session, with U.S. stock index futures edging lower and markets set to be closed on Thursday for New Year’s Day. Traders have been assessing how far 2025’s risk rally can extend into 2026, with the Federal Reserve’s rate path still a central swing factor for growth stocks.
That matters for Grab because it sits in the cross-currents of tech valuation and consumer demand. In thin liquidity, small price moves can look bigger than they are, especially in high-beta names that can react quickly to shifts in risk appetite.
Ride-hailing and delivery names were mixed before the opening bell. Uber rose about 0.8% and Lyft gained nearly 0.9%, while DoorDash and Sea traded lower.
The competitive backdrop in Southeast Asia also remains in focus. Reuters reported this week that Vietnam’s Green and Smart Mobility, linked to Vingroup, is eyeing an international IPO, with advisors floating a valuation of around $20 billion — a level that would put it near Grab’s roughly $21 billion market capitalization, according to LSEG data cited by Reuters.
Grab markets itself as a “superapp” — an all-in-one app that combines ride-hailing, food and grocery delivery, and financial services across multiple Southeast Asian countries. Reuters
The company’s most recent results update underscored its push into lower-priced offerings to add users, then upsell them. “We’re seeing more engagement … and they’re spending more frequent,” CFO Peter Oey told Reuters, describing uptake in its budget tiers. Reuters
In the same report, Reuters said Grab raised the lower end of its full-year revenue forecast to $3.38 billion while keeping the upper end at $3.40 billion, and lifted its adjusted EBITDA forecast to $490 million–$500 million. Adjusted EBITDA is a profit metric that strips out interest, taxes and some non-cash costs, and investors often use it as a rough gauge of operating momentum.
Grab has also been positioning for a driverless future, which investors see as both a threat and a potential opportunity for ride-hailing platforms. Reuters reported earlier this month that China’s autonomous driving startup Momenta struck a strategic partnership with Grab on autonomous driving in Southeast Asia, including a strategic investment by Grab that the companies did not disclose.
Looking ahead, Grab’s next major catalyst is its next earnings report. Nasdaq’s earnings calendar shows an estimated report date of Feb. 19, 2026, though such dates are often subject to change until the company confirms them.
