Full Truck Alliance (YMM) has released an update.
Full Truck Alliance Co. Ltd. (FTA) reported a robust first quarter in 2024, with net revenues soaring by 33.3% to reach RMB 2,268.7 million and net income growing by 42.5% to RMB 586.4 million compared to the same period last year. The company’s non-GAAP adjusted net income also saw a significant jump of 46.9%, signalling strong financial health and operational efficiency. This performance is attributed to increased user engagement, with fulfilled orders climbing by 29.6% and shipper MAUs growing by 22.3% year over year.
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