Gaotu Techedu Inc (GOTU) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amidst Rising ... [Yahoo! Finance]
Gaotu Techedu Inc. American Depositary Shares (GOTU)
Company Research
Source: Yahoo! Finance
Deferred Revenue: Increased 89.0% year-over-year to over RMB1.4 billion. Gross Margin: 64.4% with a gross profit of RMB778.5 million. Operating Expenses: Increased 89.1% year-over-year to approximately RMB1.3 billion. Selling Expenses: Increased 103.9% year-over-year to RMB885.8 million, accounting for 73.3% of net revenues. Research and Development Expenses: Increased 44.9% year-over-year to RMB189.3 million, accounting for 15.7% of net revenue. General and Administrative Expenses: Increased 82.9% year-over-year to RMB193.5 million, accounting for 16.0% of net revenue. Net Loss: RMB471.3 million with a net income margin of negative 39.0%. Non-GAAP Net Loss: RMB457.2 million with a non-GAAP net income margin of negative 37.8%. Cash and Investments: Total of over RMB3.3 billion, including cash, cash equivalents, restricted cash, short-term and long-term investments. Share Buybacks: Repurchased approximately 11.5 million ADS for over USD37.5 million. Warning! GuruFo
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Sec Filings
- 12/4/24 - Form 6-K
- 11/27/24 - Form SC
- GOTU's page on the SEC website