Fubotv earnings beat by $0.10, revenue topped estimates
NEW YORK - On Wednesday, Full Truck Alliance Co. Ltd. (NYSE:YMM) reported first quarter 2025 results that exceeded analyst expectations, driven by robust growth in its freight matching services.
The company’s stock was unchanged in pre-market trading following the earnings release.
The Chinese digital freight platform posted adjusted earnings per ADS of $0.18, surpassing the consensus estimate of $0.16. Revenue rose 19% year-over-year to $372.1 million, also beating expectations of $350.1 million.
Full Truck Alliance’s core freight matching services revenue jumped 20.2% to $309.7 million, fueled by a 51.5% surge in transaction service revenue to $144.2 million. The company attributed this to increases in order volume, penetration rate, and per-order transaction fees.
"We maintained strong momentum in the healthy and rapid development of our truck-shipper ecosystem during the first quarter," said Langbo Guo, President of Full Truck Alliance. He noted average shipper monthly active users reached 2.76 million, up 28.8% year-over-year.
For the second quarter, Full Truck Alliance expects revenue between $421.7 million and $430.0 million, representing 10.6% to 12.9% annual growth.
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