On November 26, Didi Chuxing released its Q3 2025 earnings report on its official website. Continuing the steady growth of the previous two quarters, Didi's core platform (including its China ride-hailing and international businesses) saw a 13.8% year-on-year increase in order volume in Q3, climbing to 4.685 billion orders. This marks the 11th consecutive quarter since 2023 that Didi's order volume has maintained stable double-digit year-on-year growth.
With the steady increase in order volume, Didi's Gross Transaction Value (GTV) on its core platform continued to expand. In the third quarter, Didi's GTV on its core platform increased by 14.8% year-on-year to RMB 115.8 billion. During the same period, the company achieved a net profit of RMB 1.5 billion.
Didi founder and CEO Cheng Wei stated that Didi's domestic and international businesses maintained steady growth, with daily orders exceeding 50 million in the third quarter. Going forward, Didi will strengthen its mobility service system, intensify efforts to build a healthy driver ecosystem, and enhance rights protection and public welfare support. Regarding overseas markets, Didi will continue to cultivate local needs, integrate Chinese experience, and collaborate with more Chinese companies to expand globally. Didi will also fully promote AI to enhance the driver and passenger experience and steadily and responsibly advance the development of L4 autonomous driving.
Domestic continuous refinement of operations to expand the travel market
Benefiting from the robust domestic travel consumption, Didi China's ride-hailing order volume reached 3.523 billion in the third quarter, a year-on-year increase of 10.7%, with an average of 38.3 million orders per day; GTV increased by 10.1% year-on-year to RMB 86 billion; and adjusted EBITA profit was RMB 3 billion.
Entering 2025, Didi continued to increase its investment in the domestic travel ecosystem, committed to exploring and stimulating potential travel consumption demand through refined, multi-scenario, and differentiated services, leading to a continuous expansion of the travel market. The launch of Didi Lite, Didi Select Express, Didi Charter, and Didi Pet Travel met the personalized needs of different sub-scenarios and different groups of people, while also providing drivers with more and better orders.
User experience and benefits are also constantly being optimized and upgraded. In August, Didi's membership system underwent a complete upgrade, integrating with the membership systems of Haidilao, Huazhu, Hilton, and Atour to provide users with more travel and value-added services.
In September, Didi's AI-powered ride-hailing assistant began public testing, making it more convenient for users to hail a ride. Through artificial intelligence and data-driven approaches, it understands users' voice or text-based ride requests and, combined with real-time information such as time, traffic conditions, and vehicle availability, provides customized travel plans based on different user preferences or specific scenarios.
Adhering to the principle of providing excellent service to passengers and Didi providing excellent service to drivers, Didi has continuously increased its investment in the supply side in recent years. In the third quarter, Didi launched a new round of measures, including upgrading its driver protection plan and Didi's public welfare care and assistance programs, to safeguard drivers' rights and benefits. In the future, Didi will continue to deepen its involvement in the ride-hailing industry and continue to invest in expanding the ride-hailing market.
International travel business is growing steadily; food delivery services have been launched in more than 30 cities in Brazil.
Driven by continued investment in key markets such as Brazil and Mexico, Didi's international business maintained a high growth rate of over 20% in the third quarter. Order volume increased by 24.3% year-on-year to 1.162 billion orders, with an average of 12.63 million orders per day; GTV increased by 31% year-on-year to RMB 29.8 billion.
As a core segment of the international business, the mobility service has achieved healthy, stable, and sustainable growth. In the first three quarters of 2025, the international mobility service achieved cumulative profitability based on adjusted EBITA.
As a natural extension of its service ecosystem in Brazil, Didi's 99 platform has launched food delivery services in more than 30 cities across Brazil since announcing the resumption of its food delivery business in April this year. These services cover major metropolitan areas with the greatest economic influence in Brazil, including São Paulo, Rio de Janeiro, El Salvador, Belo Horizonte, and Goiania. According to the plan, the food delivery service will expand to 100 cities in Brazil by mid-2026.
Didi entered the Brazilian market in 2018 and currently has 55 million active users and 1.5 million drivers, providing delivery and ride-hailing services covering more than 3,300 towns and cities across Brazil. Two-wheeled ride-hailing orders have exceeded 2 billion in the past three years.
As one of the earliest Chinese internet companies to "go global," Didi has been deeply involved in the global market for many years. Currently, Didi's international business covers 14 countries and regions in Latin America, Asia-Pacific, and Africa, providing local users with ride-hailing, food delivery, and financial services. In October of this year, Didi partnered with GAC Aion and JAC Group to launch Latin America's first standardized ride-hailing service in Mexico, consisting of 500 pure electric vehicles, providing local users with green and high-quality travel services.