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