Grab lifts guidance as Southeast Asian ride-hailing demand surges

Grab has raised its financial guidance for the year after adding three million monthly active users in the quarter ended September, bringing its total user base to 57 million across Southeast Asia. The growth signals sustained momentum in the region's ride-hailing sector despite intensifying competition from rivals including Indonesia's GoTo Group. The platform's expanded user metrics underpin confidence in its revenue and profitability trajectories, reflecting both organic expansion and strengthened market share. The Southeast Asian mobility and delivery giant continues to leverage its diversified service offerings—spanning ride-hailing, food delivery, and financial services—to drive engagement and frequency among users across multiple markets. Analysts attribute Grab's resilience to its established network effects and brand recognition, particularly in Malaysia, Thailand, and the Philippines, where the company has invested heavily in driver acquisition and user retention programmes. The updated outlook positions Grab as the regional leader in the competitive ride-hailing space, despite headwinds from GoTo's aggressive expansion strategies and changing regulatory environments across key markets.