On March 23rd, Didi released its fourth quarter and full year performance for 2023.
According to data released on Didi's official website, Didi continued to maintain steady growth in the fourth quarter of 2023. In the fourth quarter, the company achieved a total revenue of 49.4 billion yuan, an increase of 55.4% compared to the same period last year; Net profit of 1.1 billion yuan, adjusted for EBITA (non GAAP) loss of 1.3 billion yuan.
Among them, China's travel revenue reached 44.9 billion yuan, an increase of 60.9% compared to the same period last year; The international business achieved a revenue of 2.2 billion yuan, an increase of 33.3% compared to the same period last year. Behind the steady growth of business is the growth of single volume.
In the fourth quarter, the total order volume of Didi's core platform (China Travel and International Business) was 3.715 billion, a year-on-year increase of 64.8%. The daily average order volume of China Travel and International Business reached 31.9 million and 8.5 million respectively in the fourth quarter of 2023, continuously reaching new quarterly highs. The volume of international business has also reached about a quarter of China's travel business. The data for the whole year of 2023 shows that Didi achieved a total revenue of 192.4 billion yuan, a year-on-year increase of 36.6%; Net profit of 500 million yuan, adjusted EBITA loss of 2.2 billion yuan. Among them, China's travel industry achieved a total revenue of 175 billion yuan, a year-on-year increase of 39%; The total revenue of international business reached 7.8 billion yuan, a year-on-year increase of 33.8%.
Didi Chairman and CEO Cheng Wei said, "In 2023, the potential of the travel market continues to be unleashed. Thanks to this, our business has maintained healthy growth and continued to improve efficiency. We are confident in our future development. In 2024, we will continue to focus on our main business, promote the healthy development of domestic and international businesses, promote innovation in technology, products, and services, and better serve passengers, drivers, and ecological partners."
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