Shares of Full Truck Alliance Co. Ltd. (YMM) surged 5.54% in pre-market trading on Thursday following the release of its second quarter 2025 financial results, which exceeded analyst expectations. The digital freight platform reported robust growth in both earnings and revenue, demonstrating strong momentum in its core business segments.

For the second quarter, Full Truck Alliance posted adjusted earnings of 1.27 Chinese renminbi ($0.18) per American depositary share, significantly surpassing the FactSet analyst consensus estimate of 1.17 renminbi. This represents a substantial increase from 0.91 renminbi in the same period last year. The company's net revenue for the quarter reached 3.24 billion renminbi ($452.2 million), up 17.2% year-over-year and beating the analyst forecast of 3.09 billion renminbi.

The strong performance was primarily driven by the company's freight matching services, particularly its transaction service segment, which saw revenues surge by 39.4% year-over-year to 1.33 billion renminbi. Full Truck Alliance also reported a notable 50.5% increase in net income, reaching 1.26 billion renminbi ($176.6 million) for the quarter. Despite the positive results, the company provided a cautious outlook for the third quarter, projecting net revenues between 3.07 billion and 3.17 billion renminbi, which falls short of the current analyst expectations of 3.34 billion renminbi. This guidance, along with potential concerns about increased service fee rates affecting shippers' costs, may temper some investor enthusiasm in the near term.