Didi Swings to $177 Million Q1 Loss as Revenue Rises 10% to $8.7 Billion
businesscompany-earnings 2 posts · 2 accounts
Didi, the Chinese ride-hailing company, swung to a first-quarter net loss of about $177 million even as revenue rose 10% from a year earlier to roughly $8.7 billion.
The loss was several times larger than in the fourth quarter, while Didi continued expanding globally, including in Latin America.
From the sources (2 posts)
@techmemeDidi reports Q1 revenue up 10% YoY to ~$8.7B and a ~$177M net loss, several times larger than its Q4 loss, as it expands globally in markets like Latin America (@luzdingyu / Bloomberg) (Visit Techmeme dot com for the link and full context!
@reutersasiaChina ride-hailing giant Didi swings to Q1 loss