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Gaotu Techedu | 6-K: Report of foreign private issuer (related to financial reporting)

Gaotu Techedu | 6-K: Report of foreign private issuer (related to financial reporting)

高途 | 6-K:外国发行人报告(业绩相关)
美股SEC公告 ·  2024/12/04 19:07

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Gaotu Techedu reported strong revenue growth of 53.1% YoY to RMB1.2 billion in Q3 2024, driven by a 67.2% increase in gross billings to RMB1.1 billion. However, net loss expanded to RMB471.3 million from RMB57.7 million a year ago as the company significantly increased investments in workforce expansion and marketing.The company's aggressive growth strategy led to a 97.1% rise in cost of revenues and an 89.1% surge in operating expenses. Despite wider losses, Gaotu maintained a solid financial position with RMB3.3 billion in cash and investments. The company also expanded its share buyback program from US$30 million to US$80 million, demonstrating confidence in long-term prospects.Looking ahead, Gaotu expects Q4 2024 revenues between RMB1,288-1,308 million, representing 69.2-71.9% YoY growth. The company's deferred revenue balance grew 89% YoY to over RMB1.4 billion, indicating strong future revenue visibility despite near-term profitability challenges.
Gaotu Techedu reported strong revenue growth of 53.1% YoY to RMB1.2 billion in Q3 2024, driven by a 67.2% increase in gross billings to RMB1.1 billion. However, net loss expanded to RMB471.3 million from RMB57.7 million a year ago as the company significantly increased investments in workforce expansion and marketing.The company's aggressive growth strategy led to a 97.1% rise in cost of revenues and an 89.1% surge in operating expenses. Despite wider losses, Gaotu maintained a solid financial position with RMB3.3 billion in cash and investments. The company also expanded its share buyback program from US$30 million to US$80 million, demonstrating confidence in long-term prospects.Looking ahead, Gaotu expects Q4 2024 revenues between RMB1,288-1,308 million, representing 69.2-71.9% YoY growth. The company's deferred revenue balance grew 89% YoY to over RMB1.4 billion, indicating strong future revenue visibility despite near-term profitability challenges.
高途在2024年第三季度报告了同比增长53.1%的营业收入,达到了人民币12亿,这得益于毛账单的大幅增长67.2%,达到人民币11亿。然而,净亏损从一年前的人民币5770万扩大至人民币47130万,因为公司在员工扩张和市场营销方面显著增加投资。公司的激进增长策略导致营业成本增加97.1%,营业费用激增89.1%。尽管亏损扩大,高途仍保持了强劲的财务状况,现金和投资总额达人民币33亿。公司还将股票回购计划从3000万美元扩大至8000万美元,显示出对长期前景的信恳智能。展望未来,高途预计2024年第四季度营业收入将在人民币128800-130800万之间,与去年相比增长69.2-71.9%。公司的递延收入余额同比增长89%,超过人民币14亿,表明尽管短期盈利面临挑战,但未来的收入可见性仍然强劲。
高途在2024年第三季度报告了同比增长53.1%的营业收入,达到了人民币12亿,这得益于毛账单的大幅增长67.2%,达到人民币11亿。然而,净亏损从一年前的人民币5770万扩大至人民币47130万,因为公司在员工扩张和市场营销方面显著增加投资。公司的激进增长策略导致营业成本增加97.1%,营业费用激增89.1%。尽管亏损扩大,高途仍保持了强劲的财务状况,现金和投资总额达人民币33亿。公司还将股票回购计划从3000万美元扩大至8000万美元,显示出对长期前景的信恳智能。展望未来,高途预计2024年第四季度营业收入将在人民币128800-130800万之间,与去年相比增长69.2-71.9%。公司的递延收入余额同比增长89%,超过人民币14亿,表明尽管短期盈利面临挑战,但未来的收入可见性仍然强劲。
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