Grab’s blocked Taiwan deal pushes growth back to its profitable core

Grab’s three core businesses, mobility, deliveries and financial services, all turned profitable in the same quarter for the first time. Revenue rose 27% to $1.11 billion and management lifted its 2026 adjusted EBITDA outlook to $790 million-$800 million, giving it room to grow in Southeast Asia without buying its way into Taiwan. The rejected foodpanda deal still costs $60 million in a break fee, which will hit reported fourth-quarter results but sit outside adjusted EBITDA. Taiwan’s competition ruling makes organic expansion the lower-risk route, though rivals can still force Grab to spend on driver and merchant incentives.