DiDi(US:DIDIY) Huan Qiu Wang·2025-11-26 10:56Core Insights - Didi's Q3 2025 performance report shows continued robust growth, with core platform order volume increasing by 13.8% year-on-year to 4.685 billion orders, marking 11 consecutive quarters of double-digit growth since 2023 [1] - The Gross Transaction Value (GTV) for Didi's core platform rose by 14.8% year-on-year to 115.8 billion yuan, with a net profit of 1.5 billion yuan for the quarter [1] - Didi's CEO Cheng Wei emphasized the company's commitment to enhancing the travel service ecosystem and expanding international operations while leveraging AI for improved user experience and responsible advancement of L4 autonomous driving [1] Domestic Business Performance - In Q3, Didi's domestic ride-hailing orders reached 3.523 billion, a 10.7% increase year-on-year, with daily orders averaging 38.3 million [2] - The GTV for domestic operations grew by 10.1% year-on-year to 86 billion yuan, with adjusted EBITA profit of 3 billion yuan [2] - Didi plans to invest further in the domestic travel ecosystem, focusing on differentiated services to stimulate potential travel demand [2] User Experience and Driver Support - Didi upgraded its membership system in August, partnering with various brands to enhance user benefits [5] - The AI travel assistant was launched in September, improving the convenience of ride-hailing through AI-driven personalized service [5] - The company has implemented new measures to support drivers, including an upgraded driver protection plan and community assistance initiatives [5] International Business Growth - Didi's international operations, particularly in Brazil and Mexico, saw over 20% growth in Q3, with order volume increasing by 24.3% to 1.162 billion orders [6] - The GTV for international operations grew by 31% to 29.8 billion yuan, with adjusted EBITA achieving cumulative profitability in the first three quarters of 2025 [6] - Didi's food delivery service in Brazil has launched in over 30 cities, with plans to expand to 100 cities by mid-2026 [6]