Full Truck Alliance Co. Ltd. ( (YMM) ) has released its Q3 earnings. Here is a breakdown of the information Full Truck Alliance Co. Ltd. presented to its investors.
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Full Truck Alliance Co. Ltd. is a leading digital freight platform that connects shippers with truckers to facilitate shipments across various distances and cargo types, aiming to enhance logistics competitiveness through technology. In its third-quarter 2025 financial results, the company reported total net revenues of RMB3,358.2 million, marking a 10.8% increase from the previous year, despite a decrease in net income to RMB921.0 million from RMB1,121.9 million in the same period of 2024. The company saw significant growth in fulfilled orders, which rose by 22.3% to 63.4 million, and an increase in average shipper monthly active users, reaching 3.35 million, up 17.6% year-over-year.
Key financial highlights include a 39.0% increase in transaction service revenue, which continues to be a core growth driver, and a 16.9% rise in value-added services revenue, driven by increased demand for credit solutions. The acquisition of a majority interest in Giga.AI Technology Limited has bolstered the company’s AI capabilities, positioning it for future growth opportunities. However, the company experienced a decline in freight brokerage service revenue due to decreased transaction volume, although this was partially offset by an increased service fee rate.
Looking ahead, Full Truck Alliance is focused on leveraging technology to drive high-quality development and enhance its platform ecosystem, aiming to create long-term value for its users and shareholders. The company expects its total net revenues for the fourth quarter of 2025 to be between RMB3.08 billion and RMB3.18 billion, indicating a continued focus on growth and operational efficiency.