Full Truck Alliance reported strong Q2 2024 results, with total net revenues rising 34.1% YoY to RMB2.76 billion. Net income increased 38.0% to RMB840.5 million, while non-GAAP adjusted net income grew 34.3% to RMB970.9 million. Fulfilled orders reached 49.1 million, up 22.0% YoY, and average shipper MAUs hit 2.65 million, a 32.8% increase.Revenue growth was primarily driven by a 34.4% increase in freight matching services, with transaction service revenues surging 63.4%. The company saw continued user growth and improved monetization, particularly in its transaction service. Operating expenses rose due to increased marketing and technology investments.Looking ahead, Full Truck Alliance expects Q3 2024 revenues between RMB2.76-2.82 billion, representing 21.9-24.6% YoY growth. The company remains focused on enhancing its digital freight platform and creating greater user value, seeing significant potential for further user scale and monetization growth.

Full Truck Alliance reported strong Q2 2024 results, with total net revenues rising 34.1% YoY to RMB2.76 billion. Net income increased 38.0% to RMB840.5 million, while non-GAAP adjusted net income grew 34.3% to RMB970.9 million. Fulfilled orders reached 49.1 million, up 22.0% YoY, and average shipper MAUs hit 2.65 million, a 32.8% increase.Revenue growth was primarily driven by a 34.4% increase in freight matching services, with transaction service revenues surging 63.4%. The company saw continued user growth and improved monetization, particularly in its transaction service. Operating expenses rose due to increased marketing and technology investments.Looking ahead, Full Truck Alliance expects Q3 2024 revenues between RMB2.76-2.82 billion, representing 21.9-24.6% YoY growth. The company remains focused on enhancing its digital freight platform and creating greater user value, seeing significant potential for further user scale and monetization growth.