DiDi Global (DIDI) Q4 2025 earnings summary

Executive summary

• Achieved record transaction volumes in both China and international segments in Q4 2025, with China Mobility maintaining twelve consecutive quarters of double-digit growth and international segment showing robust expansion and sustained profitability for the second year.

• Strategic investments in new overseas businesses exceeded expectations, with notable synergy in Latin America and ongoing focus on autonomous driving technology integration.

Financial highlights

• Q4 2025 revenues rose 10.5% year-over-year to RMB58.4 billion, driven by higher Core Platform GTV.

• Full year 2025 revenues increased 9.6% to RMB226.7 billion; profit for the year was RMB1.0 billion, down from RMB1.3 billion in 2024.

• Q4 2025 loss was RMB0.3 billion, a significant improvement from RMB1.3 billion loss in Q4 2024.

• Adjusted EBITDA for Q4 2025 was a loss of RMB1.4 billion; full year Adjusted EBITDA was a gain of RMB6.5 billion.

• Adjusted profit (Non-IFRS) for full year 2025 was RMB7.9 billion, up from RMB5.6 billion in 2024.

Outlook and guidance

• Plans to increase consumer and driver engagement in China through ecosystem investments and diversified offerings.

• Continued focus on sustainable international growth, especially in Latin America, and further investment in autonomous driving R&D and global integration.