On August 4, Grab Holdings rose 5.69% in pre-market trading, trading at $3.87/share, with turnover of $1.1822 million.

The movement was driven by the company's Q2 earnings release, which exceeded expectations across all key metrics. Grab reported Q2 revenue of $997 million, up 22% year-over-year and ahead of the analyst consensus estimate of $990.8 million. Diluted EPS came in at $0.06, beating the $0.02 consensus by 200%, representing a 500% increase from $0.01 in the prior-year period. Adjusted EBITDA grew 54% year-over-year, while net profit surged 620%.

Grab simultaneously raised its full-year revenue guidance to $4.10-$4.15 billion, up from the prior range of $4.04-$4.10 billion. Additionally, the company announced a new $750 million share repurchase program, building on a previously authorized $500 million buyback under which approximately $400 million has already been executed through accelerated share repurchase agreements.

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