Gaotu Techedu Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results [Yahoo! Finance]
Gaotu Techedu Inc. American Depositary Shares (GOTU)
Company Research
Source: Yahoo! Finance
large-class tutoring service provider in China , today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023 Fourth Quarter 2023 Highlights [1] Net revenues were RMB761.0 million , increased by 20.9% from RMB629.6 million in the same period of 2022. Gross billings [2] were RMB1,278.1 million , increased by 28.1% from RMB997.4 million in the same period of 2022. Loss from operations was RMB187.9 million , compared with RMB13.2 million in the same period of 2022. Net loss was RMB119.6 million , compared with net income of RMB70.6 million in the same period of 2022. Non-GAAP net loss was RMB104.0 million , compared with non-GAAP net income of RMB87.4 million in the same period of 2022. Net operating cash inflow was RMB491.5 million , increased by 3.1% from RMB476.7 million in the same period of 2022. Fourth Quarter 2023 Key Financial and Operating Data (In thousands of RMB, except for percentages) For the three months e
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GOTU
News
- Gaotu Techedu Files Its Annual Report on Form 20-FPR Newswire
- Gaotu Techedu Inc. (NYSE: GOTU) was upgraded by analysts at CLSA from an "underperform" rating to an "outperform" rating.MarketBeat
- Gaotu Techedu Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial ResultsPR Newswire
- Gaotu Techedu: Live-Streaming Business And Financial Outlook Are Key Investment Considerations [Seeking Alpha]Seeking Alpha
- Gaotu Techedu to Report Fourth Quarter and Fiscal Year 2023 Financial Results on February 27, 2024PR Newswire
GOTU
Sec Filings
- 4/25/24 - Form 20-F
- 3/21/24 - Form 144
- 3/21/24 - Form 144
- GOTU's page on the SEC website