Full Truck Alliance shares rise 3% as revenue beats expectations
GUIYANG, China - On Monday, Full Truck Alliance Co. Ltd. (NYSE:YMM), a leading digital freight platform, reported third-quarter revenue that exceeded analyst expectations, despite missing earnings estimates.
The company’s shares were up 3.08% in pre-market trading following the results.
The company posted total net revenues of RMB3.36 billion ($471.7 million) for the third quarter of 2025, surpassing the consensus estimate of RMB3.34 billion and representing a 10.8% increase from RMB3.03 billion in the same period last year. However, adjusted earnings per share came in at RMB0.93, missing analyst expectations of RMB1.00. The company’s transaction service revenue was a key growth driver, jumping 39.0% YoY to RMB1.46 billion.
"As we entered the second half of 2025, we remained committed to reducing costs and improving efficiency across the logistics industry through digital and intelligent transformation," said Peter Hui Zhang, Founder, Chairman, and Chief Executive Officer of FTA. "Meanwhile, we continued to upgrade our user protection mechanisms and strengthen ecosystem development to enhance user satisfaction."
The company achieved record user numbers, with average monthly active shippers reaching 3.35 million, up 17.6% YoY, and fulfilled orders increasing 22.3% to 63.4 million. Net income for the quarter was RMB921.0 million ($129.4 million), compared with RMB1,121.9 million in the same period of 2024.
Looking ahead, Full Truck Alliance expects fourth-quarter revenue between RMB3.08 billion and RMB3.18 billion, compared with RMB3.17 billion in the same period of 2024. Excluding freight brokerage service, the company projects net revenues of RMB2.18 billion to RMB2.28 billion, representing year-over-year growth of 17.1% to 22.5%.
The company’s acquisition of a majority interest in Giga.AI Technology Limited has strengthened its AI capabilities, positioning it for future growth opportunities in the digital freight market.
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