Full Truck Alliance (YMM) Surges as Q3 Revenue Hits Record High

Author's Avatar
Nov 20, 2024

Full Truck Alliance (YMM, Financial) saw its stock rise by 7.64%, reaching $9.225. The company reported record-breaking financial results for the third quarter. Revenue climbed to 3.03 billion yuan, marking a 33.9% increase compared to the same period last year. This impressive growth was accompanied by a significant rise in non-GAAP operating profit, which surged by 92.9% to 880 million yuan.

The platform also achieved a new record in order fulfillment, completing 51.9 million orders, a rise of 22.1% year-over-year. These strong financial metrics highlight the company's robust performance and growing market presence.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.