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GUIYANG, China -On Wednesday, Full Truck Alliance Co. Ltd. (NYSE: YMM), the digital freight platform, reported fourth quarter earnings and revenue that exceeded analyst expectations, while also providing an upbeat outlook for the current quarter.
The company’s stock jumped 2.83% in premarket trading following the release.
The company posted adjusted earnings per ADS of $0.99 for Q4, topping the consensus estimate of $0.98. Revenue surged 31.8% year-over-year to RMB3.17 billion ($434.9 million), beating analyst projections of RMB3 billion.
Full Truck Alliance’s strong performance was driven by rapid growth in its freight matching services, particularly transaction service revenue which soared 71.1% compared to the prior year quarter. The company also saw solid gains in its freight brokerage and value-added services segments.
"In the fourth quarter, we continued to propel the digital and intelligent transformation of the logistics industry," said Peter Hui Zhang, Founder, Chairman and CEO. "By harnessing our robust network effects and unparalleled transaction efficiency, we sustained strong growth momentum, effectively accelerating our growth flywheel."
Looking ahead, Full Truck Alliance provided first quarter 2025 revenue guidance of RMB2.63-2.68 billion, surpassing the RMB2.6 billion analyst consensus. The upbeat forecast suggests the company expects its strong momentum to continue in the near-term.
Full Truck Alliance appears poised to maintain its growth trajectory as it further expands its digital freight platform in China.
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