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Aug 21, 2024 10:10 AM

Full Truck Alliance Clocks 34% Sales Surge In Q2, Signals Continued Growth And Monetization Success

Full Truck Alliance Co Ltd (NYSE:YMM) reported second-quarter sales growth of 34.1% year-over-year to 2.764 billion Chinese yuan or $380.379 million, beating the consensus of $373.282 million.

Freight matching services revenues rose 34.4% year over year, reflecting a significant increase in transaction service and the continued growth in freight brokerage service.

General and administrative expenses increased to RMB219.2 million from RMB201.7 million last year, reflecting higher share-based compensation expenses.

Adjusted operating income increased 55.1% Y/Y to RMB699 million. Adjusted net income per ADS stood at RMB0.91 or $0.13, which ...