Didi Narrows Q4 Loss to $43 Million, Despite Surging International Costs

Didi Global reported fourth-quarter revenue of 58.4 billion yuan ($8.46 billion). This figure represents a 10.5% increase compared to the previous year. The company posted a net loss of 300 million yuan ($43.48 million), marking a significant improvement from the 1.3 billion yuan loss recorded in the same period last year.

Revenue from the core China mobility segment grew 9% to 51.7 billion yuan. International revenue surged 47% to 4.4 billion yuan.

Increased spending on overseas expansion, particularly in Latin America, impacted the bottom line. Adjusted losses for the international segment widened to 3.4 billion yuan from 700 million yuan a year earlier.