Grab Holdings said on Wednesday that it expects fiscal 2026 revenue to come in between $4.04 billion and $4.10 billion, a range below analysts' consensus of $4.13 billion compiled by LSEG. The Singapore-headquartered tech platform flagged weaker momentum across its core ride-hailing and deliveries businesses as consumer spending patterns become more cautious.
The company reported fourth-quarter revenue of $906 million, missing estimates of $940.7 million. Following the results and guidance, Grab's shares fell about 6% in extended trading.
Grab pointed to persistent inflation across major Southeast Asian markets and the repercussions of U.S. tariff policies as factors that have made consumers more selective with discretionary spending. In response to shifting consumer behaviour, the firm has been promoting its Saver platform, which bundles discounts, special offers and lower delivery fees to attract cost-conscious customers.
Alongside the weaker-than-expected top-line results, Grab announced a $500 million share buyback program.
Grab also disclosed a planned acquisition of U.S. digital financial services company Stash Financial in a transaction initially valued at $425 million. Under the terms described by Grab, half of the equity interest will be paid at closing, with the remaining interest to be settled at "fair market value" over the three years following closing.
Despite the near-term revenue shortfall, the company reiterated a longer-term growth assumption, forecasting revenue to grow at a 20% compound annual rate from 2025 through 2028.
Market reaction was immediate: the roughly 6% decline in extended-hours trading reflected investor concern about the gap between guidance and street expectations as well as the fourth-quarter miss. Grab's measures to retain price-sensitive customers through the Saver platform and a sizable buyback program indicate management is attempting to balance near-term demand challenges with shareholder support.
Details of the Stash Financial acquisition and the phased equity payment structure were provided as part of the company's announcement, with no additional financial projections tied to the deal disclosed in the materials released alongside the quarterly results.
Grab's guidance and execution in core segments will be watched closely by investors and industry participants as sticky inflation and trade-policy effects continue to influence consumer behaviour across the region.