Full Truck Alliance reports Q4 EPS 10c, consensus 8c

Reports Q4 revenue $339.2M, consensus $317.67M. Fulfilled orders in Q4 reached 45.8M. Average shipper MAUs in Q4 reached 2.24M. Peter Hui Zhang, founder, chairman and CEO of FTA, commented, “In 2023, we continued to confront external challenges while ushering in opportunities. Amid a modest economic recovery, the continued growth of our network effect and our platform’s unmatched value proposition accelerated user penetration and drove a strong full-year performance. We achieved four consecutive quarters of growth in fulfilled orders and average shipper MAUs, underscoring the vitality of China’s freight market, the trend of freight digitalization, and the vast potential of the small and medium-sized direct shipper market. For 2024, we will leverage our keen market insight to capitalize on opportunities and remain committed to long-term development, which we believe will pave the way for our sustainable growth.”