Feb 11 (Reuters) - Singapore's Grab forecast fiscal 2026 revenue below Wall Street expectations on Wednesday, signaling slower momentum in the tech firm's core businesses of ride hailing and deliveries as consumers grapple with economic uncertainty.
Shares of the company dropped around 7% in extended trading after the results.
Grab also said it will acquire U.S. digital financial services company Stash Financial in a deal valued at $425 million, as it pushes to bolster its personal finance segment.
Sticky inflation levels amid major Southeast Asian markets, paired with the fallout of the U.S. tariff policies, has prompted consumers to become more selective with spending, as they curb discretionary budgets and look for cost-saving options for regular purchases.
Grab has leveraged its Saver platform to lure frugal customers with discounts, offers, and bundling to bring down delivery fees in an attempt to keep up with rapidly changing spending patterns.
The company expects annual revenue between $4.04 billion and $4.10 billion, compared with estimates of $4.13 billion, according to data compiled by LSEG.
Grab reported fourth-quarter revenue of $906 million, missing estimates of $940.7 million.
It also forecast revenue to grow 20% compounded annually from 2025 to 2028.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Alan Barona)
