DiDi Global Inc. reported a net income of 929 million yuan (approximately $128.42 million) for the third quarter of 2024, a significant turnaround from a net loss in the same period last year. This return to profitability highlights the company's ongoing recovery following past regulatory challenges.
Total revenue for the three months ended September 30, 2024, increased by 5% to 53.9 billion yuan. The company completed 3.2 billion transactions across its platforms during the quarter, representing a 10.6% year-on-year rise, indicating strong user engagement and transaction volume.
International operations also demonstrated robust growth, with revenue rising to 2.9 billion yuan from 2 billion yuan in the prior year. Additionally, DiDi Global divested its smart cockpit unit to a subsidiary of state-backed map provider NavInfo in August 2024, and its electric vehicle development business to Xpeng in 2023, streamlining its asset portfolio.
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