NYSE$YMM
Full Truck Alliance Co. Ltd · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Full Truck Alliance Co. Ltd. reported strong revenue growth in Q4 2024, with significant increases in transaction service revenue and net income.
Full Truck Alliance achieved strong revenue growth in Q4 2024, driven by increased transaction service revenue. Net income saw a minor decrease compared to the previous year, while non-GAAP adjusted net income surged by 43.5%. Operating income showed substantial growth, reinforcing the company's confidence in its future outlook.
- Total net revenues increased by 31.8% YoY to $434.9 million.
- Net income was $78.7 million, slightly down from the previous year's $80.6 million.
- Non-GAAP adjusted net income rose 43.5% to $144.1 million.
- Freight matching services revenue grew by 34.2% YoY to $370.6 million.
Headline financials
Revenue & EPS history
FTA · Revenue · Quarterly
$435M
Revenue by segment
FTA · $5.07B total across 4 segments · Q1 2026
- Freight matching services$2.47B+10.0%48.8%
- Transaction service$1.39B+33.1%27.5%
- Freight brokerage service$827M-14.4%16.3%
- Value-added services$376M-17.0%7.4%
Forward guidance
Full Truck Alliance expects total net revenues for Q1 2025 to range between $360.3 million and $367.2 million, representing YoY growth of approximately 15.9% to 18.1%.
Tailwinds
- Continued expansion of the shipper base.
- Increasing penetration rate of transaction service revenue.
- Enhancing trucker credit ratings and user engagement.
- AI-driven innovations expected to improve efficiency.
- Strong market demand for digital freight solutions.
Headwinds
- Macroeconomic uncertainties affecting logistics sector.
- Potential increase in tax-related costs.
- Competition in the digital freight marketplace.
- Regulatory risks in China's transportation market.
- Rising marketing expenses for user acquisition.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2024
+2.7%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+3.1%
Avg return
30 days after
57%
12 / 21 earnings
Positive
+21.1%
Q2 2022
Best reaction
-11.9%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.7% | — | — | |
| Q4 2025 | -1.5% | -4.4% | -9.4% | |
| Q3 2025 | -11.9% | -15.8% | -8.5% | |
| Q2 2025 | +10.3% | +17.5% | +23.4% | |
| Q1 2025 | -1.3% | -7.6% | -3.6% | |
| Q4 2024 | +13.6% | +4.5% | -4.6% | |
| Q3 2024 | +13.2% | +10.7% | +32.1% | |
| Q2 2024 | +3.0% | +1.6% | +3.0% | |
| Q1 2024 | -1.9% | -4.9% | -5.8% | |
| Q4 2023 | +1.6% | +8.4% | +17.1% | |
| Q3 2023 | +11.4% | +10.7% | -4.7% | |
| Q2 2023 | +9.5% | +12.3% | +10.9% | |
| Q1 2023 | -2.0% | -0.3% | +12.8% | |
| Q4 2022 | -9.1% | -8.6% | -12.0% | |
| Q3 2022 | +3.9% | +8.1% | +32.6% | |
| Q2 2022 | +21.1% | +9.9% | -6.1% | |
| Q1 2022 | +1.4% | -11.4% | +11.2% | |
| Q4 2020 | -4.9% | +18.7% | -1.8% | |
| Q4 2021 | -5.0% | -7.0% | -27.7% | |
| Q3 2021 | -5.5% | -16.5% | -32.5% | |
| Q2 2021 | +6.6% | -16.8% | +35.3% | |
| Q1 2021 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — |
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