Macquarie analyst Ellie Jiang upgraded DiDi Global Inc. to a Buy rating. The firm cited the end of the company's peak investment phase and improving earnings visibility.
DiDi swung to a net profit in the second quarter of 2026. Revenue rose 11% year-over-year to RMB 62.5 billion. Domestic mobility Gross Merchandise Value (GMV) grew by 9%. International GMV surged 61% during the period.
Macquarie noted smaller-than-expected losses from overseas operations. The company benefits from a stable competitive environment. DiDi maintains a strong balance sheet with cash reserves exceeding total debt.