YMM - Chinese Digital Freight Platform Full Truck Alliance Posts Double-Digit Growth In Q3 Guides Strong Q4 Revenues | Benzinga
Full Truck Alliance Co Ltd (NYSE: YMM) reported Q3 FY23 sales growth of 25.2% Y/Y to ¥2.26 billion ($310.30 million).
Freight matching services revenues rose 25.8% Y/Y, led by strength in freight brokerage service and continued growth in transaction commissions business.
General and administrative expenses rose to ¥290.4 million from ¥206.6 million last year owing to higher share-based compensation expenses and settlement in principle of certain U.S. securities class action disclosed on September 18, 2023.
Adjusted operating income increased 88.8% Y/Y to ¥458.5 ...