Full Truck Alliance Co. Ltd. (NYSE:YMM) Q4 2022 Earnings Call Transcript

Operator: Thank you. And ladies and gentlemen, our next question today comes from Thomas Chong at Jefferies. Please go ahead

Thomas Chong: Thanks management for taking my questions, given the macro tailwind, can you elaborate more about your full year outlook in terms of volume growth as well as full year revenue guidance? Thank you.

Simon Cai: Thank you for first quarter to date, we are very pleased to see that the demand from both shippers and truckers have recovered significantly, and we expect the overall other volume to deliver sequential growth quarter-over-quarter. Following this trend we are confident to achieve a year-over-year growth in the high-teens to low-20s for other volume on a full year basis. On the revenue front, we expect our total revenues for the first quarter to be between RMB1.56 billion and RMB1.64 billion representing a year over gross rate of approximately 16.9% to 23%. We expect primary driver for the revenue will be continued growth in transaction commissions. For 2023, we expect revenues from transaction commissions to maintain a healthy long rate as our user base, and our volume continue to grow. At the same time, we remain committed to boosting the level of commission penetration as well as to further enhance our overall commission rate.

Operator: Thank you, and ladies and gentlemen, this concludes our question-and-answer session. I’d like to turn the conference back over to management for any final remarks.

Mao Mao: Thank you once again for joining us today. If you have any further questions, please feel free to contact us at Full Truck Alliance or TPG Investor Relations. Have a good day.

Operator: Thank you. This concludes today’s conference call. We thank you all for attending today’s presentation. You may now disconnect your lines and have a wonderful day.