Full Truck Alliance Co. Ltd. ( (YMM) ) has released its Q2 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. (NYSE: YMM) is a leading digital freight platform based in China that connects shippers with truckers to facilitate shipments across various distances, cargo weights, and types. The company is known for its innovative use of technology to improve logistics efficiency and reduce carbon footprints in the freight industry.
In the second quarter of 2025, Full Truck Alliance reported a strong financial performance with total net revenues reaching RMB3,239.1 million, marking a 17.2% increase from the same period in 2024. The company also saw a significant rise in net income, which increased by 50.5% to RMB1,264.8 million, showcasing its ability to navigate a challenging market environment effectively.
Key highlights from the earnings report include a notable 23.8% increase in fulfilled orders, reaching 60.8 million, and a 19.3% rise in average shipper monthly active users. The company’s transaction service revenue grew by 39.4%, driven by an increase in order volume and transaction service fees. Additionally, the cost of revenues decreased by 5.6%, reflecting improved operational efficiencies.
Looking forward, Full Truck Alliance remains committed to enhancing its freight matching ecosystem and delivering long-term value to its users and shareholders. The company anticipates a moderate growth in net revenues for the third quarter of 2025, despite potential challenges in its freight brokerage service due to increased service fee rates. The management continues to focus on fostering a competitive logistics environment through strategic initiatives and technological advancements.