Singapore-headquartered ride-hailing company Grab posted second-quarter profit attributable to owners of the company of $252 million, up sevenfold from $35 million a year earlier.

Earnings per share came in at $0.06 from $0.01 a year earlier, according to an earnings release on Tuesday.

Revenue rose 22% to $997 million from $819 million in the prior year.

The company raised its 2026 revenue guidance to $4.10 billion to $4.15 billion, implying annual growth of 22% to 23%, from its previous forecast of $4.04 billion to $4.10 billion, or 20% to 22% growth.

Grab also lifted its 2026 adjusted EBITDA outlook to $720 million to $740 million, representing 44% to 48% annual growth, from its prior guidance of $700 million to $720 million, or 40% to 44% growth.