Welcome to our dedicated page for New Oriental Ed & Technology G news (Ticker: EDU), a resource for investors and traders seeking the latest updates and insights on New Oriental Ed & Technology G stock.
New Oriental Education and Technology Group Inc. (NYSE: EDU; SEHK: 9901) is a provider of private educational services in China whose news flow is closely tied to its diverse education and e-commerce activities. Company announcements regularly describe a wide range of educational programs, services and products, including educational services and test preparation courses, private label products and livestreaming e-commerce, overseas study consulting services, and educational materials and distribution.
On this page, readers can follow news related to New Oriental’s quarterly and annual financial results, which are typically released through detailed earnings press releases and furnished to the SEC on Form 6-K. These updates discuss net revenues, operating income, net income attributable to New Oriental, non-GAAP financial measures, operating margins and cash flow, as well as operating highlights such as the performance of overseas test preparation, overseas study consulting, domestic test preparation for adults and university students, and new educational business initiatives.
New Oriental’s news also covers technology and product developments such as its OMO (online-merge-offline) teaching system, intelligent learning systems and devices, and the integration of AI technologies into its education ecosystem, including AI-powered Intelligent Learning Devices and AI-driven Smart Study Solutions. The company provides operating metrics on student enrollments in non-academic tutoring courses and active paid users of intelligent learning devices across dozens of cities in China.
In addition, investors can track capital allocation and governance updates, including the three-year shareholder return plan, ordinary cash dividends, share repurchase programs, notices of annual general meetings, and results of shareholder votes, as disclosed in press releases and related filings. For those following EDU, revisiting this news feed provides a consolidated view of New Oriental’s financial performance, operational trends, technology initiatives and shareholder-related announcements over time.
New Oriental Education and Technology Group (NYSE: EDU/9901.SEHK) has scheduled to release its financial results for the third quarter ended February 28, 2025, before the U.S. market opens on April 23, 2025.
The company will host an earnings conference call at 8 AM U.S. Eastern Time (8 PM Beijing/Hong Kong Time) on the same day. Participants can join through dial-in registration or live webcast. The conference call replay will be available until April 23, 2026.
New Oriental Education & Technology Group (NYSE: EDU) reported its Q2 FY2025 financial results with total net revenues increasing 19.4% year-over-year to US$1,038.6 million. Core educational revenues, excluding East Buy private label products and livestreaming, grew 31.3% to US$894.2 million.
The company's operating income decreased 9.8% to US$19.3 million, while net income attributable to New Oriental increased 6.2% to US$31.9 million. Key business segments showed strong growth, with overseas test preparation up 21.1%, overseas study consulting up 31.0%, and domestic test preparation for adults and university students growing 34.9%.
The company's non-academic tutoring courses reached approximately 994,000 student enrollments across 60 cities. New Oriental maintained a strong balance sheet with US$4.8 billion in cash, cash equivalents, term deposits, and short-term investments. The company also extended its share repurchase program to May 31, 2025, increasing the authorized amount from US$400 million to US$700 million.
New Oriental Education and Technology Group (NYSE: EDU/9901.SEHK) has announced it will release its financial results for the second quarter ended November 30, 2024, before the U.S. market opens on January 21, 2025. The company will host an earnings conference call at 8 AM U.S. Eastern Time (9 PM Beijing/Hong Kong Time) on the same day.
Participants can join via dial-in after registering through the provided link or watch the live webcast at the investor relations website. A replay of the conference call will be available until January 21, 2026.
New Oriental Education & Technology Group (NYSE: EDU / 9901.SEHK) announced changes in its board composition. Dr. John Zhuang Yang has resigned as independent director and from his positions in the audit committee, compensation committee, and as chairperson of the nominating and corporate governance committee, effective December 16, 2024.
The company appointed Dr. Yue Zhuge as his replacement, taking on all the same roles. Dr. Zhuge brings extensive experience as a partner at NGP Capital and QuarkStar, and previously served as General Manager and VP of R&D at Hulu Beijing. She holds multiple advanced degrees including a Ph.D. in computer science from Stanford University.
New Oriental Education & Technology Group (NYSE: EDU) reported strong financial results for Q1 FY2025. Total net revenues increased by 30.5% year-over-year to US$1,435.4 million. Operating income rose 42.9% to US$293.2 million, while net income grew 48.4% to US$245.4 million. The company's core educational business showed significant growth, with overseas test preparation and consulting growing 18.8% and 20.7% respectively. Domestic test preparation saw 30.4% growth, while new educational initiatives surged 49.8%. The company expanded to 1,089 schools and learning centers, with non-academic tutoring courses reaching 484,000 student enrollments across 60 cities. The company maintains a strong financial position with US$4.9 billion in cash and investments.
New Oriental Education & Technology Group Inc. (NYSE: EDU and SEHK: 9901) has announced its annual general meeting of shareholders, scheduled for November 25, 2024 at 5:00 p.m. local time in Beijing, China. The meeting will serve as an open forum for shareholders to discuss company affairs with management, with no proposals submitted for shareholder approval.
The record date for determining shareholder eligibility is set for November 1, 2024. Holders of record of common shares and beneficial owners of ADSs are welcome to attend in person. The company has filed its annual report on Form 20-F for the fiscal year ended May 31, 2024, which is accessible on the company's website, SEC's website, and HKEX's website for Hong Kong purposes.
New Oriental Education and Technology Group Inc. (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, has announced that it will report its financial results for the first quarter ended August 31, 2024, before the U.S. market opens on October 23, 2024. The company's management will host an earnings conference call at 8 AM on October 23, 2024, U.S. Eastern Time (8 PM on October 23, 2024, Beijing/Hong Kong Time).
Participants can join the conference call by dialing in after registering in advance or by joining via a live webcast. A replay of the conference call will be available until October 23, 2025. The company has provided detailed instructions for accessing the call and webcast through various methods.
New Oriental Education & Technology Group Inc. (NYSE: EDU and SEHK: 9901), a leading provider of private educational services in China, has announced the filing of its annual report on Form 20-F for the fiscal year ended May 31, 2024. The report was filed with the Securities and Exchange Commission (SEC) on September 25, 2024.
The annual report is accessible on New Oriental's investor relations website and the SEC's website. The company will provide a hard copy of the report, including audited consolidated financial statements, free of charge to shareholders and ADS holders upon request.
Additionally, New Oriental has published its annual report for Hong Kong purposes in compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong (HKEX). This report is available on the company's investor relations website and the HKEX's website.
New Oriental Education & Technology Group Inc. (NYSE: EDU and SEHK: 9901), a leading private educational services provider in China, has announced a special cash dividend of US$0.06 per common share or US$0.6 per ADS. The total dividend payout will be approximately US$100 million. Shareholders of record as of September 9, 2024, will be eligible for the dividend, which is expected to be paid around September 23, 2024 for common shareholders and September 26, 2024 for ADS holders. This move demonstrates New Oriental's commitment to delivering value to its shareholders and reflects the company's strong financial position.
New Oriental Education & Technology Group Inc. (NYSE: EDU, SEHK: 9901) has announced an upsizing of its share repurchase program. The company's board of directors has approved an increase in the program's value from US$400 million to US$700 million, effective through May 31, 2025. As of the announcement date, New Oriental had already repurchased approximately US$330.3 million worth of its ADSs under the original program, which was launched on July 28, 2022. The repurchases may be conducted through various means, including open market transactions, private negotiations, and block trades, subject to market conditions and applicable regulations.
FAQ
What is the current stock price of New Oriental Ed & Technology G (EDU)?
What is the market cap of New Oriental Ed & Technology G (EDU)?
