NEW YORK, June 22, 2026, 18:01 EDT
- Grab ended 2.24% lower at $3.49 on Nasdaq, with shares at $3.4799 in late trading.
- The shares have fallen around 30% this year. That drop comes even with higher revenue and profit in the first quarter.
- Investors look at Grab’s buyback and AI push while balancing worries about higher driver incentives, fuel prices, and its use of cash for lending.
Grab Holdings shares dropped Monday, with the Nasdaq-listed Southeast Asian ride-hailing and delivery firm still facing pressure despite its latest numbers pointing to quicker revenue growth and the best adjusted core earnings on record.
The stock finished at $3.49, off 2.24%. Shares moved between $3.47 and $3.59 during the day. After hours, the stock was last seen at $3.4799 as of 6:01 p.m. EDT. Regular session volume totaled 46.06 million shares, missing the 65-day average.
Grab isn’t getting much credit for its profit swing. Shares are still down 30.06% this year and off 26.37% over 12 months, according to MarketWatch. The stock is trading closer to its 52-week low of $3.18 than the high at $6.62.
Monday’s move came with little new news from the company. Grab’s investor site continued to show its first-quarter 2026 results as the latest quarterly update. The filings page had its most recent SEC disclosures listed for May.
Grab reported first-quarter revenue up 24% to $955 million. The company said on-demand gross merchandise value also gained 24%, reaching $6.1 billion. Adjusted EBITDA jumped 46% to $154 million.
Grab CEO Anthony Tan called it a “strong start to 2026,” with CFO Peter Oey saying the results keep the company on track for 2026 revenue of $4.04 billion to $4.10 billion and adjusted EBITDA between $700 million and $720 million. In March, Grab said it entered agreements to repurchase $250 million in Class A shares and up to $150 million more under a $500 million buyback plan. Grab
Gap between fundamentals and ratings shows the market’s caution. Helena Wang at Phillip Securities Research kept her buy recommendation and $7 target on May 11, calling Grab a “long-term structural winner” in Southeast Asia, citing demand, better profitability, ecosystem connections, and data benefits from AI. POEMS
Peer action stayed choppy. Sea dropped 2.5% to $89.04. Uber edged down 0.3% at $71.43. The Invesco QQQ Trust, which tracks the Nasdaq-100, lost about 0.3%. Growth and platform names were weaker in the move.
Grab is pitching a shift to a more lasting business after years of pushing growth through subsidies in ride-hailing and delivery. In February, President and COO Alex Hungate told Reuters Grab aims for $1.5 billion in EBITDA by 2028 and sees more than 20% revenue growth each year through the next three years. AI, grocery and financial services are part of this push.
But risks are clear. Grab reported $650 million in total incentives for the first quarter. Partner incentives jumped 42% from a year ago, with some of that going to help drivers as fuel costs climbed. Net cash used in operating activities was $59 million, mainly due to outflows from loan receivables tied to growth in its lending business. Reuters said Huatai Securities warned about risks from AI and autonomous-vehicle spend, slower user growth and macro volatility.
Grab shares are trading in a kind of tug-of-war. On one side, the company is turning out stronger margins and cash flow. On the other, investors still have questions about how much spending is needed to hold onto drivers, merchants and riders. Monday’s move in the stock pointed to where support was.
