NewzSingapore-headquartered ride-hailing and delivery giant Grab has raised its financial forecasts for 2026, driven by sustained, solid demand across both its delivery and transport segments.
Alongside the upbeat long-term projections, the company announced a new US$750 million share buyback program. These financial updates and capital return plans were received positively in extended trading, pushing shares of the Nasdaq-listed firm up by 3 per cent.
Despite the post-announcement bump in extended trading, Grab's stock performance has faced downward pressure, remaining down by more than 26 per cent over the course of the year.
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