DiDi Global (DIDI) Q3 2024 earnings summary

Executive summary

• Achieved stable growth in both domestic and international businesses, with record-high daily transactions in China Mobility and strong expansion in Latin America markets.

Financial highlights

• Core Platform Transactions rose 15.1% year-over-year to 4,118 million in Q3 2024.

• Core Platform Gross Transaction Value (GTV) increased 10.3% to RMB100.9 billion.

• Platform Sales grew 22.7% to RMB18.5 billion.

• Profit for Q3 2024 was RMB0.9 billion, reversing a loss of RMB0.3 billion in Q3 2023.

• Adjusted EBITDA (Non-IFRS) was RMB2.5 billion, up from RMB0.7 billion year-over-year.

• Adjusted profit (Non-IFRS) reached RMB2.2 billion, compared to RMB51 million a year ago.

Outlook and guidance

• Plans to further increase consumer and driver engagement in China and continue investing in international markets, focusing on sustainable growth and operational efficiency.