Newscasts - China's Didi Q3 revenue up 8.6% as overseas expansion accelerates

DiDi Global

26/11/2025 12:22

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Source: 'Reuters - Business videos'

Description: Didi Global reported an 8.6% rise in third-quarter revenue on Wednesday as the international expansion of China's largest ride-hailing platform accelerated, while its domestic market remained stable. Francis Maguire reports.

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Video Transcript:

DiDi Global's revenue rose 8.6% in the third quarter, that's according to China's largest ride-hailing platform on Wednesday. Revenue hit $8.28 billion for the three months ended September, while net profit was also well up on a year ago at close to $212 million. The company has expanded internationally, particularly in Latin America, where it offers both ride-hailing and food delivery services, although its expansion outside of China weighed on profitability. Adjusted losses from the overseas segment rose significantly to around $243 million. DiDi held its leading position in ride-hailing in China. That's despite growing competition from rivals like Alibaba and Meituan. DiDi resumed expansion two years ago after a regulatory crackdown that began in 2021 when the company pursued a US IPO without Beijing's approval.