Digital freight platform Full Truck Alliance Q2 revenue, net income rises

Full Truck Alliance

21/08/2025 11:41

Overview

Full Truck Alliance Q2 2025 revenue rises 17.2% yr/yr, driven by transaction services

Net income for Q2 2025 increases 50.5% yr/yr, reflecting operational efficiency

Co announces semi-annual cash dividend for second half of 2025

Outlook

Company expects Q3 2025 revenue between RMB3.07 bln and RMB3.17 bln

Company anticipates significant decline in freight brokerage revenue

Excluding freight brokerage, Q3 revenue growth expected at 23.4% to 29.1%

Service fee rate increase may impact shippers' costs

Result Drivers

TRANSACTION SERVICES - Revenue from transaction services increased 39.4% yr/yr, driven by higher order volume and transaction fees

COST REDUCTION - Cost of revenues decreased 5.6%, aided by lower tax costs net of government grants

USER GROWTH - Fulfilled orders rose 23.8% and average shipper MAUs increased 19.3%, boosting revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
RMB 3.24 bln
Q2 Adjusted Net Income
RMB 1.35 bln
Q2 Net Income
RMB 1.26 bln
Q2 Adjusted Operating Income
RMB 1.23 bln
Q2 Operating Income
RMB 1.14 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Full Truck Alliance Co Ltd is $14.60, about 24.6% above its August 20 closing price of $11.01

Press Release: ID:nPn24zpn7a

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)