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Gaotu Techedu Announces Fourth Quarter and Fiscal Year 2024 Unaudited Financial Results

Net revenues for Gaotu Techedu Inc. Increased by 82.5% to RMB1,388.6 million in the fourth quarter of 2024, compared to RMB761.0 million in the same period of 2023.
For the full fiscal year, net revenues rose by 53.8% to RMB4,553.6 million, compared to RMB2,960.8 million in 2023.
The company reported a loss from operations of RMB149.3 million for the fourth quarter, improving from a loss of RMB187.9 million in the previous year.
Gross billings for the fourth quarter of 2024 were RMB2,160.2 million, up 69.0% from RMB1,278.1 million in the same period of 2023.

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Auburn Citizen

+17 Reposted by 17 other sources

Gaotu Techedu Announces Fourth Quarter and Fiscal Year 2024 Unaudited Financial Results

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