滴滴2023年Q4和2023年全年財(cái)報(bào)

1

DiDiAnnouncesResultsforFourthQuarterandFullYear2023

Beijing,March23,2024-DiDiGlobalInc.(“we”,“us”,“DiDi”andthe“Company”),aleadingmobilitytechnology

platform,todayannounceditsunauditedcondensedfinancialresultsforthequarterandthefullyearendedDecember31,2023.

Mr.WillWeiCheng,ChairmanandChiefExecutiveOfficerofDiDi,commented,“In2023,thepotentialofthemobilitymarketcontinuedtoberealized.Benefitingfromthis,ourbusinessmaintaineditshealthygrowthandsawcontinued

efficiencyimprovements.Wearefullyconfidentinourfutureprogress.In2024,wewillcontinuetofocusonourcore

businesses,promotethehealthydevelopmentofourdomesticandinternationalbusinesses,fostertechnological,productandserviceinnovations,andserveourconsumers,drivers,andecosystempartnersbetter.”

FourthQuarterandFullYear2023Highlights

.Totalrevenuesforthefourthquarterof2023wereRMB49.4billion,anincreaseof55.4%fromthefourthquarterof

2022.TotalrevenuesfromtheChinaMobilitysegmentforthefourthquarterof2023wereRMB44.9billion,anincreaseof60.9%fromthefourthquarterof2022.TotalrevenuesfromtheInternationalsegmentforthefourthquarterof2023wereRMB2.2billion,anincreaseof33.3%fromthefourthquarterof2022.Totalrevenuesforthefullyearof2023

wereRMB192.4billion,anincreaseof36.6%fromthefullyearof2022.TotalrevenuesfromtheChinaMobility

segmentforthefullyearof2023wereRMB175.0billion,anincreaseof39.0%fromthefullyearof2022.Total

revenuesfromtheInternationalsegmentforthefullyearof2023wereRMB7.8billion,anincreaseof33.8%fromthefullyearof2022.

.Netincomeforthefourthquarterof2023wasRMB1.1billion.NetincomeattributabletoordinaryshareholdersofDiDiforthefourthquarterof2023wasRMB0.8billion.Netincomeforthefullyearof2023wasRMB0.5billion.NetlossattributabletoordinaryshareholdersofDiDiforthefullyearof2023wasRMB0.5billion.

.AdjustedEBITA(Non-GAAP)1forthefourthquarterof2023wasalossofRMB1.3billion.TheAdjustedEBITA

(non-GAAP)oftheChinaMobilitysegmentwasagainofRMB1.4billioninthefourthquarterof2023.TheAdjustedEBITAloss(non-GAAP)oftheInternationalsegmentwasRMB1.1billioninthefourthquarterof2023.TheAdjustedEBITAloss(non-GAAP)oftheOtherInitiativessegmentwasRMB1.5billioninthefourthquarterof2023.AdjustedEBITA(Non-GAAP)forthefullyearof2023wasalossofRMB2.2billion.TheAdjustedEBITA(non-GAAP)oftheChinaMobilitysegmentwasagainofRMB5.3billioninthefullyearof2023.TheAdjustedEBITAloss(non-GAAP)oftheInternationalsegmentwasRMB2.3billioninthefullyearof2023.TheAdjustedEBITAloss(non-GAAP)oftheOtherInitiativessegmentwasRMB5.1billioninthefullyearof2023.

.Totalcashandcashequivalents,restrictedcashandtreasuryinvestmentswereRMB55.6billionasofDecember31,2023,comparedtoRMB48.8billionasofDecember31,2022.

.CorePlatformTransactions2forthefourthquarterof2023reached3,715million,anincreaseof64.8%fromthefourthquarterof2022.TransactionsfortheChinaMobilitysegmentforthefourthquarterof2023reached2,932million,an

increaseof71.5%fromthefourthquarterof2022.TransactionsfortheInternationalsegmentforthefourthquarterof

2023reached783million,anincreaseof43.9%fromthefourthquarterof2022.CorePlatformTransactionsforthe

fullyearof2023reached13,469million,anincreaseof39.1%fromthefullyearof2022.TransactionsfortheChina

Mobilitysegmentforthefullyearof2023reached10,809million,anincreaseof39.8%fromthefullyearof2022.

TransactionsfortheInternationalsegmentforthefullyearof2023reached2,660million,anincreaseof36.2%fromthefullyearof2022.

.CorePlatformGrossTransactionValue3(“GTV4”)forthefourthquarterof2023reachedRMB93.2billion,an

increaseof65.8%fromthefourthquarterof2022.GTVfromtheChinaMobilitysegmentforthefourthquarterof2023reachedRMB71.7billion,anincreaseof72.7%fromthefourthquarterof2022.GTVfromtheInternationalsegment

forthefourthquarterof2023reachedRMB21.5billion,anincreaseof46.4%fromthefourthquarterof2022.CorePlatformGrossTransactionValue(“GTV”)forthefullyearof2023reachedRMB341.4billion,anincreaseof

44.6%fromthefullyearof2022.GTVfromtheChinaMobilitysegmentforthefullyearof2023reachedRMB270.7billion,anincreaseof45.4%fromthefullyearof2022.GTVfromtheInternationalsegmentforthefullyearof2023reachedRMB70.6billion,anincreaseof41.8%fromthefullyearof2022.

1AdjustedEBITA(non-GAAP)isdefinedasnetincomeorlossbefore(i)interestincome,(ii)interestexpenses,

(iii)investmentincome(loss),net,(iv)impairmentlossforequityinvestmentsaccountedforusingMeasurementAlternative,

2

(v)income(loss)fromequitymethodinvestments,net,(vi)otherincome(loss),net,(vii)incometaxbenefits(expenses),(viii)share-basedcompensationexpenseand(ix)amortizationofintangibleassets.

2CorePlatformTransactionsreferstothenumberofcompletedridesfortheChinaMobilitysegmentandcompletedridesorfooddeliveriesfortheInternationalsegment.Transactionsarecountedbythenumberoforderscompleted,soacarpooling

ridewithtwopayingconsumersrepresentstwotransactions,evenifbothconsumersstartandendtheirrideatthesameplace,whereastwopassengersonthesameridetransactionordercountasonetransaction.

3CorePlatformGrossTransactionValuereferstothesummationoftheGTVfortheChinaMobilityandInternationalsegments.

4GTVreferstothetotaltransactionvalue,includinganyapplicabletaxes,tollsandfees,ofcompletedTransactionswithoutanyadjustmentforconsumerincentivesorforearningsandincentivespaidtodriversformobilityservices,merchantor

deliverypartnersforfooddeliveryservices,orservicepartnersforotherinitiatives.

3

.PlatformSales5fromtheChinaMobilityandInternationalsegmentsforthefourthquarterof2023reachedRMB15.5

billion,anincreaseof54.6%fromthefourthquarterof2022.PlatformSalesfromtheChinaMobilitysegmentforthefourthquarterof2023reachedRMB13.5billion,anincreaseof63.6%fromthefourthquarterof2022.PlatformSalesfromthe

Internationalsegmentforthefourthquarterof2023reachedRMB2.0billion,anincreaseof12.0%fromthefourthquarter

of2022.PlatformSalesfromtheChinaMobilityandInternationalsegmentsforthefullyearof2023reachedRMB55.6billion,anincreaseof36.7%fromthefullyearof2022.PlatformSalesfromtheChinaMobilitysegmentforthefullyearof

2023reachedRMB47.9billion,anincreaseof38.3%fromthefullyearof2022.PlatformSalesfromtheInternationalsegmentforthefullyearof2023reachedRMB7.7billion,anincreaseof28.0%fromthefullyearof2022.

FortheThreeMonths

EndedDecember31,

FortheYear

EndedDecember31,

(InRMBmillionsexcepttransactions)20222023

%year-over-yearchange

2022

2023

%year-over-yearchange

Financialhighlights...............................

Revenues.................................................

31,810

49,419

55.4%

140,792

192,380

36.6%

ChinaMobility.....................................

27,888

44,869

60.9%

125,931

175,034

39.0%

International.........................................

1,667

2,222

33.3%

5,863

7,842

33.8%

OtherInitiatives....................................

2,255

2,328

3.2%

8,998

9,504

5.6%

Netincome(loss)....................................

Netincome(loss)attributableto

(704)

1,082

N/A

(23,783)

535

N/A

ordinaryshareholdersofDiDi.........

(953)

818

N/A

(24,682)

(502)

-98.0%

AdjustedEBITA(Non-GAAP).............

(1,388)

(1,270)

-8.5%

(12,769)

(2,163)

-83.1%

ChinaMobility.....................................

1,455

1,359

-6.6%

(1,450)

5,308

N/A

International.........................................

(839)

(1,103)

31.5%

(4,024)

(2,323)

-42.3%

OtherInitiatives....................................

(2,004)

(1,526)

-23.9%

(7,295)

(5,148)

-29.4%

Operationalhighlights...........................

CorePlatformTransactions(in

millions)..................................................

2,254

3,715

64.8%

9,686

13,469

39.1%

ChinaMobility.....................................

1,710

2,932

71.5%

7,733

10,809

39.8%

International.........................................

544

783

43.9%

1,953

2,660

36.2%

CorePlatformGTV...............................

56,186

93,170

65.8%

235,995

341,350

44.6%

ChinaMobility.....................................

41,516

71,692

72.7%

186,174

270,721

45.4%

International.........................................

14,670

21,478

46.4%

49,821

70,629

41.8%

PlatformSalesfromCorePlatform.....

10,011

15,481

54.6%

40,640

55,573

36.7%

ChinaMobility.....................................

8,265

13,525

63.6%

34,627

47,878

38.3%

International.........................................

1,746

1,956

12.0%

6,013

7,695

28.0%

5PlatformSalesreferstoGTVlessalloftheearningsandincentivespaidtodriversandpartners,tolls,fees,taxesandothers.

4

FourthQuarter2023Results

ChinaMobility

Inthefourthquarterof2023,ourbusinessdeliveredaveragedailytransactionsof31.9million,representingarecordhigh.Weplantoengagewithourconsumersanddriversmoreactivelyin2024throughcontinuousinvestmentinourecosystemfordriversandmorediversifiedandaffordableproductofferingstoourconsumers.

FortheThreeMonths

EndedDecember31,

FortheYear

EndedDecember31,

(InRMBmillions)20222023

%year-

over-

year

change20222023

%year-

over-

year

change

GTV........................................................

41,516

71,692

72.7%

186,174

270,721

45.4%

PlatformSales.......................................

8,265

13,525

63.6%

34,627

47,878

38.3%

Revenues................................................

27,888

44,869

60.9%

125,931

175,034

39.0%

AdjustedEBITA(Non-GAAP)............

1,455

1,359

-6.6%

(1,450)

5,308

N/A

.GTVofRMB71.7billion:GTVfromtheChinaMobilitysegmentincreasedby72.7%year-over-year(“YoY”),primarilydrivenbytheincreaseinthenumberoftransactionsfortheChinaMobilitysegment.

.PlatformSalesofRMB13.5billion:PlatformSalesfromtheChinaMobilitysegmentincreasedby63.6%YoY.The

increasewasprimarilydrivenbytheincreaseofGTVfromtheChinaMobilitysegment,partiallyoffsetbytheexpirationofthetemporaryValue-addedTaxexemptionpolicyonrevenuesderivedfromtheprovisionofpublictransportation

servicesinChina.ThepolicyexpiredinDecember2022.

.RevenuesofRMB44.9billion:RevenuesfromtheChinaMobilitysegmentincreasedby60.9%YoY.TheincreasewasprimarilydrivenbytheincreaseofGTVfromtheChinaMobilitysegment,partiallyoffsetbytheexpirationofthe

abovementionedValue-addedTaxexemptionpolicy.

.AdjustedEBITAgainofRMB1.4billion:AdjustedEBITAgainintheChinaMobilitysegmentdecreasedby6.6%YoY,primarilyattributabletotheexpirationoftheabovementionedValue-addedTaxexemptionpolicy.

International

WecontinuetofocusonkeymarketssuchasBrazilandMexicoinLatinAmerica.Inthefourthquarterof2023,we

continuedtostepupourinvestmentsinincentivestodrivethecontinuousgrowthofourInternationalbusiness.In2024,weplantostrikeabetterbalancebetweenourinvestmentandefficiency,todeliversustainablegrowthandimprovedoperatingefficiencyinourInternationalbusiness.

FortheThreeMonths

EndedDecember31,

FortheYear

EndedDecember31,

(InRMBmillions)20222023

%year-over-yearchange

2022

2023

%year-over-yearchange

GTV........................................................

14,670

21,478

46.4%

49,821

70,629

41.8%

PlatformSales.......................................

1,746

1,956

12.0%

6,013

7,695

28.0%

Revenues................................................

1,667

2,222

33.3%

5,863

7,842

33.8%

AdjustedEBITA(Non-GAAP)............

(839)

(1,103)

31.5%

(4,024)

(2,323)

-42.3%

.GTVofRMB21.5billion:GTVfromtheInternationalsegmentincreasedby46.4%YoY,primarilyattributabletotheincreaseinthenumberoftransactionsfortheInternationalsegmentandthefavorableeffectoffluctuationsinexchangerates.

.PlatformSalesofRMB2.0billion:PlatformSalesfromtheInternationalsegmentincreasedby12.0%YoY.TheincreasewasprimarilydrivenbythegrowthofGTVfromtheInternationalsegment,partiallyoffsetbyincreasedspendingonincentives.

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.RevenuesofRMB2.2billion:RevenuesfromtheInternationalsegmentincreasedby33.3%YoY.TheincreasewasprimarilydrivenbythegrowthofourInternationalbusiness,partiallyoffsetbyincreasedspendingonincentives.

.AdjustedEBITAlossofRMB1.1billion:AdjustedEBITAlossintheInternationalsegmentincreasedby31.5%YoY,primarilyattributabletoincreasedspendingonincentives.

OtherInitiatives

FortheThreeMonths

EndedDecember31,

FortheYear

EndedDecember31,

(InRMBmillions)20222023

%year-over-yearchange

2022

2023

%year-over-yearchange

Revenues................................................

AdjustedEBITA(Non-GAAP).............

2,255

(2,004)

2,328

(1,526)

3.2%

-23.9%

8,998

(7,295)

9,504

(5,148)

5.6%-29.4%

.RevenuesofRMB2.3billion:RevenuesfromtheOtherInitiativessegmentremainedflatYoY.

.AdjustedEBITAlossofRMB1.5billion:AdjustedEBITAlossintheOtherInitiativessegmentdecreasedby23.9%YoY,primarilydrivenbyimprovedoperatingefficiency.

CostofRevenues:CostofrevenueswasRMB41.6billionforthefourthquarterof2023,or84.3%oftotalrevenues,

comparedtoRMB26.1billionforthefourthquarterof2022,or82.1%oftotalrevenues.TheincreaseofcostofrevenuesasapercentageofrevenueswasprimarilyduetotheincreasedcostsrelatedtotheChinaridehailingbusiness.

OperationsandSupportExpenses:OperationsandsupportexpenseswasRMB2.0billionforthefourthquarterof2023,or4.1%oftotalrevenues,comparedtoRMB1.6billionforthefourthquarterof2022,or5.0%oftotalrevenues.Thedecreaseofoperationsandsupportexpensesasapercentageofrevenueswasprimarilydrivenbyimprovedoperatingefficiency.

SalesandMarketingExpenses:SalesandmarketingexpenseswasRMB2.9billionforthefourthquarterof2023,or5.9%oftotalrevenues,comparedtoRMB2.3billionforthefourthquarterof2022,or7.1%oftotalrevenues.Thedecreaseofsales

andmarketingexpensesasapercentageofrevenueswasprimarilydrivenbyadecreaseinamortizationofintangibleassets.

ResearchandDevelopmentExpenses:ResearchanddevelopmentexpenseswasRMB2.4billionforthefourthquarterof

2023,or4.9%oftotalrevenues,comparedtoRMB2.2billionforthefourthquarterof2022,or6.9%oftotalrevenues.Thedecreaseofresearchanddevelopmentexpensesasapercentageofrevenueswasprimarilydrivenbytheimprovedfixedcostleverage.

GeneralandAdministrativeExpenses:GeneralandadministrativeexpenseswasRMB2.2billionforthefourthquarterof

2023,or4.4%oftotalrevenues,comparedtoRMB2.3billionforthefourthquarterof2022,or7.2%oftotalrevenues.Thedecreaseofgeneralandadministrativeexpensesasapercentageofrevenueswasprimarilydrivenbytheimprovedfixedcostleverage.

Investmentincome(loss),net:Investmentincome(loss),net,increasedtoagainofRMB2.1billioninthefourthquarterof2023,fromagainofRMB1.2billioninthefourthquarterof2022.Theinvestmentincomeinthefourthquarterof2022wasprimarilyrelatedtothefairvaluegainfromtheCompany’sinvestmentinGrab.Theinvestmentincomeinthefourthquarterof2023wasprimarilyattributabletoadisposalgainrelatedtothespinoffofcertainsmartautobusiness.

Netincome(loss):Netincomeforthefourthquarterof2023wasRMB1.1billion,comparedtoanetlossofRMB0.7billioninthefourthquarterof2022.

Netincome(loss)attributabletoordinaryshareholdersofDiDi:NetincomeattributabletoordinaryshareholdersofDiDiforthefourthquarterof2023wasRMB0.8billion,comparedtoanetlossofRMB1.0billioninthefourthquarterof2022.

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AdjustedEBITA:AdjustedEBITAlossforthefourthquarterof2023wasRMB1.3billion,comparedtoanadjustedEBITAlossofRMB1.4billioninthefourthquarterof2022.

FullYear2023FinancialResults

Totalrevenues:Totalrevenuesforthefullyearof2023wereRMB192.4billion,anincreaseof36.6%fromthefullyearof2022.TotalrevenuesfromtheChinaMobilitysegmentforthefullyearof2023wereRMB175.0billion,anincreaseof

39.0%fromthefullyearof2022.TotalrevenuesfromtheInternationalsegmentforthefullyearof2023wereRMB7.8billion,anincreaseof33.8%fromthefullyearof2022.

CostofRevenues:CostofrevenueswasRMB162.9billionforthefullyearof2023,or84.7%oftotalrevenues,comparedtoRMB115.8billionforthefullyearof2022,or82.2%oftotalrevenues.Theincreaseofcostofrevenuesasapercentageof

revenueswasprimarilyduetotheincreasedcostsrelatedtotheChinaridehailingbusiness.

OperationsandSupportExpenses:OperationsandsupportexpenseswasRMB7.4billionforthefullyearof2023,or3.9%oftotalrevenues,comparedtoRMB6.5billionforthefullyearof2022,or4.6%oftotalrevenues.Thedecreaseofoperationsandsupportexpensesasapercentageofrevenueswasprimarilydrivenbyimprovedoperatingefficiency.

SalesandMarketingExpenses:SalesandmarketingexpenseswasRMB10.4billionforthefullyearof2023,or5.4%oftotalrevenues,comparedtoRMB9.8billionforthefullyearof2022,or6.9%oftotalrevenues.Thedecreaseofsalesandmarketingexpensesasapercentageofrevenueswasprimarilydrivenbyadecreaseinamortizationofintangibleassets.

ResearchandDevelopmentExpenses:ResearchanddevelopmentexpenseswasRMB8.9billionforthefullyear,or4.6%oftotalrevenues,comparedtoRMB9.5billionforthefullyearof2022,or6.8%oftotalrevenues.Thedecreaseofresearchanddevelopmentexpensesasapercentageofrevenueswasprimarilydrivenbytheimprovedfixedcostleverage,andadecreaseinproductdevelopmentexpenseoftheCompany’ssmartautobusiness.

GeneralandAdministrativeExpenses:GeneralandadministrativeexpenseswasRMB8.4billionforthefullyearof2023,

or4.4%oftotalrevenues,comparedtoRMB17.0billionforthefullyearof2022,or12.1%oftotalrevenues.ThedecreaseofgeneralandadministrativeexpensesasapercentageofrevenueswasprimarilyduetoanadministrativefineofRMB8.026

billionrecordedinthefullyearof2022andtheimprovedfixedcostleverage.

Investmentincome(loss),net:Investmentincome(loss),net,increasedtoagainofRMB3.6billioninthefullyearof2023,fromalossofRMB5.8billioninthefullyearof2022.Theinvestmentlossinthefullyearof2022wasprimarilyrelatedto

thefairvaluelossfromtheCompany’sinvestmentinGrab.Theinvestmentincomeinthefullyearof2023wasprimarily

relatedtoadisposalgainrelatedtothespinoffofcertainsmartautobusinessandthedeconsolidationofasubsidiaryengagedinautonomoustruckingbusiness.

Netincome(loss):Netincomeforthefullyearof2023wasRMB0.5billion,comparedtoanetlossofRMB23.8billioninthefullyearof2022.

Netincome(loss)attributabletoordinaryshareholdersofDiDi:NetlossattributabletoordinaryshareholdersofDiDiforthefullyearof2023wasRMB0.5billion,comparedtoanetlossofRMB24.7billioninthefullyearof2022.

AdjustedEBITA:AdjustedEBITAlossforthefullyearof2023wasRMB2.2billion,comparedtoanadjustedEBITAlossofRMB12.8billioninthefullyearof2022.

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LiquidityandCashFlow

Asof

(InRMBmillions)

December31,

2022

December31,2023

Cashandcashequivalentsandrestrictedcash.............................................................21,67628,468

Short-termtreasuryinvestments..................................................................................16,96619,242

Long-termtreasuryinvestments..................................................................................10,2007,893

Total............................................................................................................................48,84255,603

AsofDecember31,2023,cashandcashequivalents,restrictedcashandtreasuryinvestmentswereRMB55.6billion,

comparedtoRMB48.8billionasofDecember31,2022.Theabovetablesetsforthasummaryofassetsmanagedbyourtreasuryfunction,includingcashandcashequivalents,restrictedcashandtreasuryinvestments.

FortheThreeMonthsEndedDecember31,

FortheYear

EndedDecember31,

(InRMBmillions)

2022

2023

2022

2023

Netcashprovidedby(usedin)operatingactivities (231)1,823(9,554)7,638

Netcashprovidedby(usedin)investingactivities (14,863)1,511(11,028)(4,480)

Netcashprovidedby(usedin)financingactivities (250)2,556(3,545)3,538

Effectofexchangeratechangesoncash,cashequivalentsand

restrictedcash (241)(124)1,82296

Netincrease(decrease)incash,cashequivalentsandrestricted

cash (15,585)5,766(22,305)6,792

Cash,cashequivalentsandrestrictedcashatthebeginningofthe

period 37,26122,70243,98121,676

Cash,cashequivalentsandrestrictedcashattheendofthe

period.........................................................................................21,67628,46821,67628,468

NetcashprovidedbyoperatingactivitieswasRMB1.8billionforthefourthquarterof2023,whichwasprimarilyattributable

totheCompany’snetincomeofRMB1.1billion,asadjustedbyadecreaseintheCompany’sworkingcapitalofRMB0.8billion.NetcashprovidedbyoperatingactivitieswasRMB7.6billionforthefullyearof2023,whichwasprimarily

attributabletotheCompany’snetincomeofRMB0.5billion,asadjustedbynon-cashornon-operatingadjustmentsofRMB3.9billion,aswellasadecreaseintheCompany’sworkingcapitalofRMB3.2billion.

NetcashprovidedbyinvestingactivitieswasRMB1.5billionforthefourthquarterof2023,consistingprimarilyofa

decreaseinshort-termandlong-termtreasuryinvestments,partiallyoffsetbyanincreaseinloanreceivable.NetcashusedininvestingactivitieswasRMB4.5billionforthefullyearof2023,consistingprimarilyofanincreaseinloansreceivable.

NetcashprovidedbyfinancingactivitieswasRMB2.6billionforthefourthquarterof2023,consistingprimarilyofan

increaseofshort-termandlong-termborrowings.NetcashprovidedbyfinancingactivitieswasRMB3.5billionforthefullyearof2023,consistingprimarilyofanincreaseofshort-termandlong-termborrowings.

Otherupdates

CompletionofSpinoffofCertainSmartAutoBusiness

Asannouncedpreviously,onNovember13,2023,theCompanycompletedthetransactiontosellcertainsmartautobusiness

toXPengInc.(“XPeng”)inconsiderationofclassAordinarysharesissuedbyXPengpursuanttotheSharePurchase

AgreementthattheCompanyenteredintowithXPengonAugust27,2023.Uponthecompletionofthetransaction,XPengownsandoperatesthesmartautobusiness,andtheCompanyownsaminoritystakeinXPeng.

8

RepurchasesunderShareRepurchaseProgram

OnNovember11,2023,theCompany’sboardofdirectorsauthorizedasharerepurchaseprogramunderwhichtheCompanymayrepurchaseuptoUS$1billionofitsshareswithin24monthsoftheprogram’sauthorization.AsofFebruary29,2024,theCompanyrepurchasedanaggregateofapproximately14.9millionADSsforapproximatelyUS$54.4millionunderits

sharerepurchaseprogram.TheADSsrepurchasedwerecancelledbytheCompany.

AboutDiDiGlobalInc.

DiDiisaleadingmobilitytechnologyplatform.Itoffersawiderangeofapp-basedservicesacrossAsiaPacific,Latin

Americaandotherglobalmarkets,includingridehailing,taxihailing,chauffeurandotherformsofsharedmobilityaswellascertainenergyandvehicleservices,fooddelivery,intra-cityfreightandfinancialservices.

UseofNon-GAAPFinancialMeasure

Inevaluatingitsbusiness,theCompanyconsidersandusesAdjustedEBITA,anon-GAAPfinancialmeasure,tosupplementthereviewandassessmentofitsoperatingperformance.TheCompanydefinesAdjustedEBITAasnetincomeorlossbefore(i)interestincome,(ii)interestexpenses,(iii)investmentincome(loss),net,(iv)impairmentlossforequityinvestments

accountedforusingMeasurementAlternative,(v)income(loss)fromequitymethodinvestments,net,(vi)otherincome

(loss),net,(vii)incometaxbenefits(expenses),(viii)share-basedcompensationexpenseand(ix)amortizationofintangibleassets.

Thisnon-GAAPfinancialmeasureisnotdefinedunderU.S.GAAPandisnotpresentedinaccordancewithU.S.GAAP.Itshouldnotbeconsideredinisolationorconstruedasanalternativetonetincome(loss)oranyothermeasureofperformanceorasanindicatoroftheCompany’soperatingperformance.Investorsareencouragedtoreviewthishistoricalnon-GAAP

financialmeasureinlightofthemostdirectlycomparableGAAPmeasure.Thenon-GAAPfinancialmeasuremaynotbecomparabletosimilarlytitledmeasurespresentedbyothercompanies.

Formoreinformationonthenon-GAAPfinancialmeasure,pleaseseethetablecaptioned“ReconciliationsofGAAPandNon-GAAPResults”setforthinthispressrelease.

SafeHarborStatement

Thispressreleasecontainsstatementsthatmayconstitute“forward-looking”st