The earnings call reflects a strong positive sentiment with several key metrics showing significant growth and improvements, despite some challenges like subdued market activity and increased expenses.

Company Guidance

During the third quarter of 2024, Full Truck Alliance (YMM) reported significant progress across multiple operational and financial metrics. The company achieved a 22% year-over-year growth in fulfilled orders, reaching 51.8 million, and increased their net revenue to RMB 3.03 billion, a 34% rise from the previous year. Transaction service revenues saw a remarkable 69% year-over-year growth, comprising nearly 35% of total revenues. The fulfillment rate improved to 34.5%, up 5.5 percentage points year-over-year, while the average shipper monthly active users (MAUs) rose by 33.6% to 2.84 million. Non-GAAP adjusted operating income surged by 93% year-over-year to RMB 884.5 million, and non-GAAP adjusted net income increased by 50% to RMB 1.24 billion. The company also repurchased approximately 4.9 million ADS shares for about USD 40.3 million under a share repurchase program. Looking ahead, Full Truck Alliance projects total revenues for the fourth quarter to range between RMB 2.94 billion and RMB 3 billion, reflecting a growth rate of approximately 22.3% to 24.8% year-over-year.

Significant Growth in Fulfilled Orders

The company achieved a 22% year-over-year growth in fulfilled orders in Q3 2024, advancing the shift from traditional logistics models.

Record High Shipper MAUs

Average shipper MAUs reached 2.84 million in Q3 2024, marking a 33.6% increase year-over-year.

Strong Financial Performance

Net revenue for Q3 2024 reached RMB 3.03 billion, up 34% year-over-year, with transaction service revenues growing by 69%.

Increase in Monetized Orders

The monetized order penetration ratio increased to 82.8%, up over 12 percentage points year-over-year.

Improved Fulfillment Rate

Fulfillment rate increased to 34.5% in Q3 2024, up 5.5 percentage points year-over-year.

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Full Truck Alliance (YMM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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YMM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 10, 2021	2021 (Q2)	<0.01 / -0.05	-0.005	-873.68% (-0.05)	―	―
Nov 18, 2021	2021 (Q3)	>-0.01 / >-0.01	-0.006	77.27% (<+0.01)	―	―
Mar 01, 2022	2021 (Q4)	<0.01 / >-0.01	-0.052	84.25% (+0.04)	―	―
Jun 08, 2022	2022 (Q1)	0.00 / >-0.01	0.015	-109.09% (-0.02)	―	―
Aug 25, 2022	2022 (Q2)	<0.01 / 0.00	-0.05	―	―	―
Nov 23, 2022	2022 (Q3)	0.03 / <0.01	-0.001	300.00% (<+0.01)
Mar 08, 2023	2022 (Q4)	0.03 / 0.06	-0.008	800.00% (+0.07)
May 22, 2023	2023 (Q1)	0.04 / 0.05	-0.001	3900.00% (+0.05)
Aug 23, 2023	2023 (Q2)	0.06 / 0.08	0	―
Nov 20, 2023	2023 (Q3)	0.08 / 0.08	0.003	2800.00% (+0.08)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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YMM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 20, 2024	$8.57	$9.84	+14.82%
Aug 21, 2024	$7.38	$7.57	+2.57%
May 21, 2024	$9.41	$9.24	-1.81%
Mar 07, 2024	$6.31	$5.98	-5.23%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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