Full Truck Alliance reports Q3 adjusted EPS 11c, consensus 8c

Reports Q3 revenue $310.3M, consensus $300.18M. Fulfilled orders in the third quarter reached 42.5M, an increase of 27. Average shipper MAUs in the third quarter reached 2.13M, an increase of 15%. Peter Hui Zhang, Founder, chairman and CEO of FTA, commented, “Amid the evolving market demand in the logistics industry in the third quarter, we delivered another record-setting quarter with many operational and financial improvements, propelled by further improvements in our product functions and services. Both user scale and number of fulfilled orders achieved significant growth year over year, reflecting the resiliency of domestic economy, the strong network effect of FTA’s nationwide road logistics network and the unparalleled competitive moat created by our unique business model. In addition, our average shipper MAUs reached a new record of 2.13 million during the quarter, validating the considerable growth potential in the small and medium-sized direct shipper market. Going forward, we will continue to uphold our user-centered value proposition while empowering enterprises with greater logistics competitiveness.”