Source: China Fund News
On March 23, Didi announced the fourth quarter and full year results of 2023.
According to data published on the official website of Didi, Didi continued to maintain steady growth in the fourth quarter of 2023. In the fourth quarter, the company achieved total revenue of 49.4 billion yuan, an increase of 55.4% over the same period last year; net profit of 1.1 billion yuan; adjusted EBITA (non-GAAP) loss of 1.3 billion yuan.
Among them, China Travel achieved revenue of 44.9 billion yuan, an increase of 60.9% over the same period last year; international business achieved revenue of 2.2 billion yuan, an increase of 33.3% over the same period last year. The reason behind the steady growth of the business is the increase in unit volume.
In the fourth quarter, the total number of orders on the DiDi core platform (China travel and international business) was 3.715 billion, an increase of 64.8% over the previous year. The average daily order volume for China's travel and international business reached 31.9 million orders and 8.5 million orders respectively in the fourth quarter of 2023, continuing to hit new quarterly highs. The order volume of the international business has also reached about a quarter of the Chinese travel business. According to data for the full year of 2023, Didi achieved total revenue of 192.4 billion yuan in 2023, an increase of 36.6% over the previous year; net profit of 500 million yuan, and an adjusted EBITA loss of 2.2 billion yuan. Among them, China Travel achieved total revenue of 175 billion yuan, a year-on-year increase of 39%; international business achieved total revenue of 7.8 billion yuan, an increase of 33.8% over the previous year.
Cheng Wei, Chairman and CEO of Didi, said, “The potential of the travel market will continue to be unleashed in 2023. Thanks to this, our business has maintained healthy growth and continued improvement in efficiency, and we are full of confidence in future development. Entering 2024, we will continue to focus on our main business, promote the healthy development of domestic and international business, promote innovation in technology, products and services, and better serve passengers, drivers, and ecological partners.”
edit/ruby