DiDi Global (DIDI) Q1 2025 earnings summary

Executive summary

• Achieved strong growth in both domestic and international operations, with record-high daily transactions and continued investment in ecosystem and technology, including autonomous driving and AI.

Financial highlights

• Core Platform Transactions rose 13.4% year-over-year to 4,247 million, with China Mobility up 10.3% and International up 24.9%.

• Core Platform GTV increased 10.2% to RMB101.6 billion, with China Mobility up 9.3% and International up 13.2% (27.9% constant currency).

• Platform Sales grew 22.5% to RMB18.5 billion, led by a 24.6% increase in China Mobility and 10.2% in International.

• Revenues rose 8.5% to RMB53.3 billion, while profit for the period surged to RMB2.4 billion from RMB0.8 billion year-over-year.

• Adjusted EBITDA (Non-IFRS) was RMB3.1 billion, up from RMB1.7 billion; Adjusted EBITA (Non-IFRS) was RMB2.4 billion, up from RMB1.0 billion.

• Adjusted profit (Non-IFRS) reached RMB2.9 billion, more than doubling year-over-year.

Segment performance

• China Mobility: GTV up 9.3% to RMB78.0 billion, Platform Sales up 24.6% to RMB16.0 billion, Adjusted EBITA (Non-IFRS) gain of RMB3.1 billion.

• International: GTV up 13.2% to RMB23.6 billion (27.9% constant currency), Platform Sales up 10.2% to RMB2.5 billion, Adjusted EBITA (Non-IFRS) loss narrowed to RMB0.2 billion.

• Other Initiatives: Adjusted EBITA (Non-IFRS) loss reduced to RMB0.5 billion, reflecting improved operating efficiency.