Didi Swings to Profit, Driven by Record Rides and Global Growth

Didi Global reported a net income of 866 million yuan (~$128 million) for the second quarter.

The company returned to profitability after posting a 2.5 billion yuan loss in the same period last year.

Quarterly revenue rose 11% year-over-year to 62.5 billion yuan (~$9.3 billion).

Record transaction volumes across domestic and international markets fueled the results.

Gross transaction value (GTV) for China mobility increased 9.5% to 90.4 billion yuan (~$13.4 billion).

International business GTV surged 61% during the quarter.