GSX Techedu Inc.

Gaotu Techedu, Inc. is a technology-driven education company. Its core expertise is in online K-12 courses, and online K-12 large-class after-school tutoring service provider in China. The company's K-12 courses cover all primary and secondary grades. It also offers foreign language, professional and interest courses. The company was founded by Xiang Dong Chen in June 2014 and is headquartered in Beijing, China.

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GSX Techedu reports robust Q4 earnings and eyes strategic growth

GSX Techedu Inc. delivered strong financial results in Q4 2022, showcasing revenue growth, improved profitability, and enhanced cash reserves.
The company's focus on operational efficiency, talent development, and new business initiatives positions it well for future growth and market expansion.
While facing challenges in a competitive landscape, GSX Techedu has opportunities to capitalize on its strengths and drive sustainable growth in the education technology sector.

Gaotu Techedu Inc. reports robust Q1 earnings and eyes growth opportunities

Gaotu Techedu Inc. delivered strong financial results in Q1 2023, driven by revenue and gross billing growth, operational efficiency, and profitability.
The company's strategic focus on learning services, digital products, and innovative customer acquisition channels positions it well for future success.
While facing challenges in a competitive landscape, Gaotu has opportunities for revenue expansion, margin improvement, and market differentiation.

Gaotu Techedu reports strong Q2 earnings, eyes growth through innovation

Gaotu Techedu Inc. delivered robust financial results in Q2 2023, driven by revenue growth, gross billing expansion, and positive cash flow generation.
The company's strategic focus on innovation, talent investment, and leveraging AI underscores its commitment to enhancing educational offerings and market competitiveness.
While facing challenges in a competitive landscape, Gaotu's proactive approach to evolving market trends and customer needs positions it well to seize growth opportunities.

Gaotu Techedu reports strong Q3 growth and focuses on future expansion

Gaotu Techedu's Q3 2023 performance demonstrated solid growth in revenue and gross billings, supported by effective financial management strategies.
The company's emphasis on customer acquisition, talent development, and shareholder value bodes well for future sustainability and growth.
Challenges in optimizing expenses and managing competition need to be addressed, while opportunities exist in expanding market share and enhancing operational efficiency.

GSX Techedu Inc. reports robust Q4 performance and optimistic 2024 outlook

GSX Techedu Inc. delivered strong financial results in Q4 2023, showcasing growth in revenue and billing, supported by a robust financial foundation. The company's strategic focus on educational products and customer acquisition channels positions it well for future growth, despite potential challenges in execution and maintaining margins.

GaoTu reports strong Q1 revenue growth amidst rising expenses

GaoTu's Q1 2024 performance reflects robust revenue growth and strategic investments in educational offerings.
While facing escalating operating expenses and net losses, GaoTu maintains a strong financial position with ample cash reserves.
Future opportunities lie in revenue expansion, product diversification, and leveraging cash reserves for sustained growth.

GSX Techedu Inc. reports robust Q2 performance amidst operational challenges

GSX Techedu Inc. delivered strong financial results in Q2 2024, showcasing revenue growth and solid cash reserves, while facing challenges with operational losses.
The company's strategic focus on partnerships, talent recruitment, and shareholder value enhancement highlights a commitment to long-term success.
Opportunities lie in revenue growth projections for Q3 2024, improvements in operational efficiency, and strategic initiatives to drive market expansion and profitability.

GSX Techedu Inc. reports strong Q3 earnings, eyes profitability in 2025

GSX Techedu Inc. delivered robust financial results in Q3 2024, marked by significant revenue growth and a focus on shareholder value enhancement.
While facing challenges with escalating expenses and net losses, the company's strategic initiatives for 2025 signal a commitment to profitability and operational efficiency.
With a solid cash position and plans for revenue expansion, GSX Techedu Inc. is poised to navigate challenges and leverage opportunities for sustainable growth.

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Gaotu Techedu, Inc. is a technology-driven education company. The company was founded by Xiang Dong Chen in June 2014 and is headquartered in Beijing, China.

Gaotu Techedu Inc. (NYSE:GOTU ) Q1 2022 Earnings Conference Call June 6, 2022 8:00 AM ET Company Participants Sherry Liu - Manager of IR Larry Chen - Founder, Chairman and CEO Shannon Shen - CFO Conference Call Participants Mark Li - Citi Operator Ladies and gentlemen, thank you for standing by and welcome to the Gaotu Techedu Inc. First Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode.

Gaotu Techedu Inc. (GOTU) CEO Larry Chen on Q1 2022 Results - Earnings Call Transcript

Gaotu Techedu Inc (NYSE: GOTU) reported a first-quarter FY22 sales decline of 62.7% year-on-year, to RMB724.6 million ($114.305 million), beating the consensus of $82.4 million. The revenue decrease was driven by the company's organizational adjustments and business.

Read How Gaotu Techedu Fared In Q1

BEIJING , June 6, 2022 /PRNewswire/ -- Gaotu Techedu Inc. (NYSE: GOTU) ("Gaotu" or the "Company"), a technology-driven education company and online large-class tutoring service provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2022. First Quarter 2022 Highlights[1] Net revenues were RMB724.6 million, compared with net revenues of RMB1,940.3 million in the same period of 2021.

Gaotu Techedu Announces First Quarter of 2022 Unaudited Financial Results

BEIJING , May 23, 2022 /PRNewswire/ -- Gaotu Techedu Inc. ("Gaotu" or the "Company") (NYSE: GOTU), a technology-driven education company and online large-class tutoring service provider in China, today announced that it will report its first quarter 2022 financial results ended March 31, 2022, before U.S. markets open on Monday, June 6, 2022. Gaotu's management will hold an earnings conference call at 8:00 AM U.S. Eastern Time on Monday, June 6, 2022 (8:00 PM on Monday, June 6, 2022, Beijing/Hong Kong Time).

Gaotu Techedu to Report First Quarter 2022 Financial Results on June 6, 2022

Shares of Chinese companies, including Gaotu Techedu Inc (NYSE: GOTU), are trading higher on hopes Chinese regulators will ease their crackdown on tech and internet companies. Strength comes ahead of an expected joint regulatory meeting, which reportedly could occur this weekend.

Why Gaotu Techedu Shares Are Rising

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Why Chinese Education Stocks Soared on Friday

BEIJING , April 26, 2022 /PRNewswire/ -- Gaotu Techedu Inc. ("Gaotu" or the "Company") (NYSE: GOTU), a technology-driven education company and online large-class tutoring service provider in China, today filed with the U.S. Securities and Exchange Commission its annual report on Form 20-F for the fiscal year ended December 31, 2021. The annual report on Form 20-F is available on the Company's investor relations website at https://ir.gaotu.cn/.

Gaotu Files 2021 Annual Report on Form 20-F

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After a brief respite, the Chinese stock selling spree resumes.

Why Gaotu Techedu, iQIYI, and Bilibili Stocks Dropped Friday

Shares of several Chinese stocks, including TAL Education Group (NYSE TAL), New Oriental Education & Tech Grp (NYSE: EDU) and Gaotu Techedu Inc (NYSE GOTU), are trading higher on continued volatility. Last week's news of China's financial stability and development committee.

Here's Why TAL Education, New Oriental Education And Gaotu Techedu Shares Are Rising

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China just noticed its stock market is burning down -- and moved to put out the fire.

Why Chinese Education Stocks Bounced Higher Today

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Chinese companies listed in New York fell sharply during premarket trade on Tuesday after surging COVID-19 cases fuelled fears for the world's second-largest economy and sent mainland firms listed in Hong Kong to 2008 lows.

U.S.-listed China stocks fall on COVID surge, Russia

The SEC just reminded China investors their stocks may soon be delisted.

Why Chinese Education Stocks Keep Falling

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Gaotu Techedu's (GOTU) CEO Larry Chen on Q4 2021 Results - Earnings Call Transcript

Gaotu Techedu Inc (NYSE: GOTU) shares are trading higher at $1.50 after the company reported fourth-quarter earnings results. Gaotu Techedu missed estimated earnings by 26.92%, reporting an EPS of 19 cents versus an estimate of 26 cents.

What's Going On With Gaotu Techedu Shares Today?

BEIJING, March 8, 2022 /PRNewswire/ -- Gaotu Techedu Inc. (NYSE: GOTU) ("Gaotu" or the "Company"), a technology-driven education company and online large-class tutoring service provider in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2021. Fourth Quarter 2021 Highlights[1] Net revenues were RMB1,274.3 million, compared with net revenue of RMB2,211.0 million in the same period of 2020.

Gaotu Techedu Announces Fourth Quarter and Fiscal Year 2021 Unaudited Financial Results

BEIJING, Feb. 22, 2022 /PRNewswire/ -- Gaotu Techedu Inc. (NYSE: GOTU) ("Gaotu" or the "Company"), a technology-driven education company and online large-class tutoring service provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2021. In July 2021, the General Office of the CPC Central Committee and the General Office of the State Council of the PRC published the "Opinions on Further Alleviating the Burden of Homework and After-School Tutoring for Students in Compulsory Education.

Gaotu Techedu Announces Third Quarter of 2021 Unaudited Financial Results

BEIJING, Feb. 22, 2022 /PRNewswire/ -- Gaotu Techedu Inc. (NYSE: GOTU) ("Gaotu" or the "Company"), a technology-driven education company and online large-class tutoring service provider in China, today announced that it will report its financial results for the fourth quarter and fiscal year ended December 31, 2021, before U.S. markets open on March 8, 2022. Gaotu's management will hold an earnings conference call on Tuesday, March 8, 2022, at 8:00 AM U.S. Eastern Time (9:00 PM on the same day, Beijing/Hong Kong Time).

Gaotu Techedu to Report Fourth Quarter and Fiscal Year 2021 Financial Results on March 8, 2022

BEIJING , Feb. 16, 2022 /PRNewswire/ -- Gaotu Techedu Inc. ("Gaotu" or the "Company") (NYSE: GOTU), a technology-driven education company and online large-class tutoring service provider in China, today provided business updates following Beijing local government's updated regulatory requirements (the "New Regulation") that after-school tutoring services for senior high school students need to strictly follow the "Opinions on Further Alleviating the Burden of Homework and After-School Tutoring for Students in Compulsory Education" published in July 2021 by the General Office of the CPC Central Committee and the General Office of the State Council of the PRC. In compliance with the New Regulation, the Company will cease offering tutoring services related to academic subjects to students in senior high schools before the end of February 2022 (the "Cessation").

Gaotu Techedu Provides Business Updates

Another round of China fears seemed to push the education stock lower.

Why Gaotu Techedu Stock Was Falling Today

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Shares of several Chinese stocks, including TAL Education Group (NYSE: TAL), New Oriental Education & Tech Grp (NYSE: EDU) and Gaotu Techedu Inc (NYSE: GOTU), are all trading higher after the Chinese government vowed to focus on consumption recovery and reduce some income tax rates. Shares of several Chinese stocks have otherwise been under pressure amid continued COVID-19 omicron variant concerns, which have prompted travel restrictions in some nations and added to lockdown fears.

News for GSX Techedu Inc. Stock (GOTU)