Full Truck Alliance Surpasses Q1 Estimates, Raises Outlook

Full Truck Alliance Co. Ltd. reported strong first quarter 2025 results, surpassing analyst expectations with adjusted earnings per share of $0.18 and revenue of $372.1 million, marking a 19% year-over-year increase. Growth was fueled by a 51.5% surge in transaction service revenue and a 23% rise in total field orders, with average shipper monthly active users reaching 2.76 million, up 28.8%. The company credited ongoing digital innovation, operational efficiency, and strategic investments for its success. For the second quarter, Full Truck Alliance expects revenues between $421.7 million and $430 million. The company’s stock has risen nearly 12% year-to-date and over 30% in the past 12 months, outperforming the broader market. The outlook remains positive as the company continues to invest in platform upgrades and user growth.