Didi Releases 2024 Q2 Earnings Report with Impressive Growth

TapTechNews August 21st news, tonight, Didi released its 2024 second-quarter earnings report. The highlights are as follows:

The core platform transaction value (GTV) including Chinese mobility and international businesses reached 96.3 billion yuan, a year-on-year increase of 14.7%, among which the total transaction value of Chinese mobility was 73.5 billion yuan, a year-on-year increase of 8.7%; the total transaction value of international businesses was 22.8 billion yuan, a year-on-year increase of 39.3%.

The core platform transaction volume including Chinese mobility and international businesses was 3.875 billion orders, a year-on-year increase of 17.4%, among which the total order volume of Chinese mobility was 3.004 billion orders, a year-on-year increase of 12.3%; the total order volume of international businesses was 871 million orders, a year-on-year increase of 39.1%.

The net profit was 1.7 billion yuan, and the net profit attributable to ordinary shareholders was 1.4 billion yuan, and the adjusted EBITA (non-GAAP measure) was 1.3 billion yuan.

The core platform transaction volume was 3.875 billion orders, with a year-on-year increase of 17.4%;

The daily order volume of domestic and international businesses continued to reach new highs, reaching 33 million orders and 9.57 million orders respectively, setting a new historical high.

Didi's previously disclosed buyback plan of no more than 1 billion US dollars is also steadily advancing. As of July 31, 2024, Didi has repurchased a total of approximately 90.2 million ADS in accordance with the plan, equivalent to approximately 370 million US dollars (TapTechNews note: currently about 2.638 billion yuan).