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Gaotu Techedu Q3 24 Earnings Conference Call At 8:00 AM ET
In the third quarter, gaotu techedu's revenue was 1.2 billion yuan, with a net adjusted loss of 0.46 billion yuan.
On the evening of December 4, Peking time, gaotu techedu (NYSE: GOTU) announced its third quarter financial report for 2024, ending on September 30: net revenue was 1.2083 billion yuan, a year-on-year increase of 53.1%. The net loss was 0.4713 billion yuan, while the net loss for the same period in 2023 was 57.7 million yuan; excluding US Generally Accepted Accounting Principles, the adjusted net loss was 0.4572 billion yuan, while the net loss for the same period in 2023 was 41.7 million yuan. Third quarter performance: net revenue was 1.2083 billion yuan, a growth of 53.1% compared to 0.7894 billion yuan in the third quarter of 2023.
Gaotu Techedu | 6-K: Report of foreign private issuer (related to financial reporting)
In Q3, gaotu techedu (GOTU.US) revenue increased by 53.3% year-on-year, and the operating loss expanded year-on-year.
Gaotu techedu announced its financial results for the third quarter of the 2024 fiscal year.
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