DiDi Announces Results for Fourth Quarter and Full Year 2023
Beijing,March 23,2024-DiDi Global Inc.(“we”,“us”,“DiDi”and the “Company”),a leading mobility technologyplatform,today announced its unaudited condensed financial results for the quarter and the full year ended December 31,
2023.
Mr.Will Wei Cheng,Chairman and Chief Executive Officer of DiDi,commented,“In 2023,the potential of the mobilitymarket continued to be realized.Benefiting from this,our business maintained its healthy growth and saw continuedefficiency improvements.We are fully confident in our future progress.In 2024,we will continue to focus on our corebusinesses,promote the healthy development of our domestic and international businesses,foster technological,product andservice innovations,and serve our consumers,drivers,and ecosystem partners better.”
Fourth Quarter and Full Year 2023 Highlights
* Total revenues for the fourth quarter of 2023 were RMB49.4 billion,an increase of 55.4%from the fourth quarter of
2022.Total revenues from the China Mobility segment for the fourth quarter of 2023 were RMB44.9 billion,an increase
of 60.9%from the fourth quarter of2022.Total revenues from the International segment for the fourth quarter of 2023
were RMB2.2 billion,an increase of 33.3%from the fourth quarter of 2022.Total revenues for the full year of 2023
were RMB192.4 billion,an increase of 36.6%from the full year of 2022.Total revenues from the China Mobilitysegment for the full year of 2023 were RMB175.0 billion,an increase of 39.0%from the full year of 2022.Totalrevenues from the Intemational segment for the full year of 2023 were RMB7.8 billion,an increase of 33.8%from thefull year of 2022.
Net income for the fourth quarter of 2023 was RMB1.1 billion.Net income attributable to ordinary shareholders ofDiDi for the fourth quarter of2023 was RMB0.8 billion.Netincome for the full year of 2023 was RMB0.5 billion.Netloss attributa ble to ordinary shareholders of DiDi for the full year of 2023 was RMB0.5 billion.
Adjusted EBITA (Non-GAAP)’for the fourth quarter of 2023 was a loss of RMB1.3 billion.The Adjusted EBITA(non-GAAP)of the China Mobility segment was a gain of RMB1.4 billion in the fourth quarter of 2023.The AdjustedEBITA loss(non-GAAP)of the International segment was RMB1.1 billion in the fourth quarter of 2023.The AdjustedEBITA loss (non-GAAP)of the Other Initiatives segment was RMB1.5 billion in the fourth quarter of 2023.AdjustedEBITA(Non-GAAP)for the full year of2023 was aloss of RMB2.2 billion.The Adjusted EBITA(non-GAAP)of theChina Mobility segment was a gain of RMB5.3 billion in the full year of 2023.The Adjusted EBITA loss (non-GAAP)of the International segment was RMB2.3 billion in the full year of 2023.The Adjusted EBITA loss (non-GAAP)of theOther Initiatives segment was RMB5.1 billion in the full year of 2023.
Total cash and cash equivalents,restricted cash and treasury investments were RMB55.6 billion as of December 31,
2023,compared to RMB48.8 billion as of December 31,2022.
Core Platform Transactions²for the fourth quarter of 2023 reached 3,715 million,an increase of 64.8%from the fourthquarter of 2022.Transactions for the China Mobility segment for the fourth quarter of 2023 reached 2,932 million,anincrease of 71.5%from the fourth quarter of 2022.Transactions for the International segment for the fourth quarter of2023 reached 783 million,an increase of43.9%from the fourth quarter of2022.Core Platform Transactions for thefull year of 2023 reached 13,469 million,an increase of 39.1%from the full year of 2022.Transactions for the ChinaMobility segment for the full year of 2023 reached 10,809 million,an increase of 39.8%from the full year of 2022.Transactions for the International segment for the full year of 2023 reached 2,660 million,an increase of 36.2%from thefull year of 2022.
Core Platform Gross Transaction Value³(“GTV*”)for the fourth quarter of 2023 reached RMB93.2 billion,anincrease of 65.8%from the fourth quarter of 2022.GTV from the China Mobility segment for the fourth quarter of 2023reached RMB71.7 billion,an increase of 72.7%from the fourth quarter of 2022.GTV from the International segmentfor the fourth quarter of 2023 reached RMB21.5 billion,an increase of 46.4%from the fourth quarter of 2022.CorePlatform Gross Transaction Value (“GTV”)for the full year of 2023 reached RMB341.4 billion,an increase of
44.6%from the full year of 2022.GTV from the China Mobility segment for the full year of 2023 reached RMB270.7billion,an increase of 45.4%from the full year of 2022.GTV from the International segment for the full year of 2023reached RMB70.6 billion,an increase of 41.8%from the full year of 2022.
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