Full Truck Alliance Co Ltd (NYSE:YMM) reported a 25.2% year-over-year increase in Q3 FY23 sales, reaching ¥2.26 billion ($310.30 million). The growth was driven by a 25.8% rise in freight matching services revenues. Adjusted operating income surged by 88.8% Y/Y to ¥458.5 million, and adjusted net income per ADS increased to ¥0.78 ($0.11) from ¥0.46 a year ago. The company experienced a rise in general and administrative expenses due to higher share-based compensation and a settlement of a U.S. securities class action. YMM's cash and equivalents totaled $3.8 billion as of September 30, 2023. The company also repurchased 22.8 million ADSs for $147.3 million. With a 27.0% increase in fulfilled orders and a 15.0% rise in average shipper MAU, YMM expects Q4 revenues to grow by 18.2%-20.6% Y/Y. YMM shares rose by 14.19% to $8.01.