Didi reports 7.1% revenue rise, swings to Q4 loss

The Didi transport application again recorded quarterly losses, a hard blow for the Chinese travel leader who is considering listing in Hong Kong this 2025.Didi reported a net loss of 1.3 billion yuan (180 million dollars) in the quarter of December, compared to the previous year's earnings. Revenues increased 7.1 percent to 52 billion yuan, but expenses increased and the international business recorded losses, reflecting the increase in the cos…

Didi reports 7.1% revenue rise, swings to Q4 loss

Chinese ride-hailing company Didi Global reported on Tuesday (Mar 18) a 7.1 per cent rise in fourth-quarter revenue to 52.9 billion yuan (S$9.74 billion), as the company’s recovery from a regulatory overhaul of its operations gathered pace.

Didi reports Q4 revenue up 7.1% YoY to ~$7.32B and a ~$180M net loss, down from a ~$6.2M profit in Q4 2023, as it recovers from China's $1.2B fine in July 2022