The "AI+education" business has not yet been implemented, what is Gotu.US doing to support Wall Street's confidence?
In pre-market trading on August 27, GaoTu released its financial performance for the second quarter of the 2024 fiscal year. The financial report shows that GaoTu's Q2 revenue was 1.01 billion yuan (RMB, same unit), a year-on-year increase of 43.6%; however, although GaoTu's current revenue increased, the net loss for the period reached 0.43 billion yuan, compared to a net income of 56.16 million yuan in the same period last year, resulting in a profit turning into a loss.
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GOTU.US's Q2 turned a year-on-year loss of 0.4296 billion yuan, with pre-market stock prices dropping nearly 8%.
In Q2, GaoTu's revenue was 1.0098 billion yuan, a year-on-year increase of 43.6%; net loss was 0.4296 billion yuan, compared to net income of 56.16 million yuan in the same period last year.
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Peking time on the afternoon of August 27, Gaotu (NYSE: GOTU) today released the financial report for the second quarter of 2024 ending on June 30: net revenue was 1.0098 billion yuan, a year-on-year increase of 43.6%. The net loss was 0.4296 billion yuan, while the net income for the same period in 2023 was 56.2 million yuan; The net loss was 0.418 billion yuan, while the net income for the same period in 2023 was 63.2 million yuan on a non-GAAP basis. Second quarter performance: net revenue was 1.0098 billion yuan, a 43.6% increase compared to 0.7031 billion yuan in the second quarter of 2023. Gross income
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