Didi Global Reports Strong Q3 Performance with Increased Revenue and Profit

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Nov 29, 2024

Didi Global recently announced its financial results for the third quarter ending September 30. The company reported a revenue of 53.949 billion RMB, up from 51.401 billion RMB in the same period last year. Net profit reached 929 million RMB, a significant turnaround from a loss of 284 million RMB in the previous year. The core platform saw a total of 4.118 billion orders, marking a 15.1% increase year-over-year. Specifically, the Chinese ride-hailing segment accounted for 3.183 billion orders.

The Gross Transaction Value (GTV) of the core platform rose to 100.9 billion RMB, reflecting a 10.3% growth from the prior year. The Chinese ride-hailing GTV contributed 78.1 billion RMB, representing a 7.8% increase.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.