Southeast Asia’s superapp Grab Holdings Limited has raised its full year guidance after its revenue grew 22 percent year-over-year, or 17 percent on a constant currency basis to $873 million during the third quarter ended September 30, 2025.

The firm said in a statement that the revenue growth was driven by growth across its on-demand and financial services segments.

Grab has raised its revenue guidance for full year to $3.38 billion to $3.4 billion (21 percent to 22 percent year on year growth), from $3.33 billion to $3.4 billion (19 percent to 22 percent year on year growth) previously.

It has also revised up its earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance to $490 million to $500 million (57 percent to 60 percent year on year growth) from $460 million to $480 million (47 percent to 53 percent year on year growth).

Its on-demand gross merchandise value (GMV) grew 24 percent year on year, or 20 percent year on year on a constant currency basis to $5.8 billion.

This was underpinned by strong year on year growth in on-demand monthly transacting users (MTUs) and total number of on-demand transactions at 16 percent and 27 percent respectively, and a year on year increase in on-demand GMV per MTU on a constant currency basis.

The firm’s profit for the period was $17 million, an improvement of $2 million year on year, primarily due to positive operating profit and lower income tax expenses incurred, partially offset by lower net finance income for the period.

Its adjusted EBITDA was $136 million for the quarter, an improvement of $46 million year on year from $90 million in the prior year period, as it grew on-demand GMV and revenue, while improving profitability on a segment adjusted EBITDA basis.

“This quarter marks another vital step forward in our journey, not just in financial performance, but in how we are building a more resilient, technology-driven platform for the long term,

“Grab’s growth engine continues to gain momentum, with on-demand GMV accelerating to 24 percent year-over-year, or 20 percent YoY on a constant currency basis1, while achieving our fifteenth consecutive quarter of Adjusted EBITDA growth,” said Anthony Tan, Group Chief Executive Officer and Co-Founder of Grab.

“Looking ahead, we will continue to prioritize innovation to fuel profitable growth in our core On-Demand business, while making disciplined investments to accelerate growth in financial services and explore autonomous vehicle (AV) and remote driving opportunities,” he added.

Peter Oey, Chief Financial Officer of Grab, said the firm continued to accelerate growth while delivering sequential adjusted EBITDA margin improvements and adjusted free cash flow generation.

“This quarter’s results underscore the resilience of our counter-cyclical business model and is a testament to the strong execution of our ecosystem partners and our employees,

“We now expect full-year Group revenue to come in at $3.38 to $3.40 billion from our prior range of $3.33 to $3.40 billion, and are also upgrading our full-year adjusted EBITDA guidance to $490 million to $500 million from $460 million to $480 million,” he added.

The firm also highlighted that its guidance and expected year-over-year growth is primarily attributable to the organic expansion of its business.

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