Welcome to our dedicated page for Gaotu Techedu news (Ticker: GOTU), a resource for investors and traders seeking the latest updates and insights on Gaotu Techedu stock.
Gaotu Techedu Inc. (NYSE: GOTU) is a technology-driven education company in China that regularly publishes detailed updates on its operations and financial performance. The company’s news flow centers on its role as an online large-class tutoring service provider and AI-powered learning platform, with releases that explain how it delivers learning services and educational content & digitalized learning products.
On this page, readers can follow Gaotu’s earnings announcements, including unaudited financial results for quarterly periods and highlights such as net revenues, gross billings, operating income or loss, and cash flow metrics as reported by the company. Gaotu also issues news about business outlooks, where it provides estimates for upcoming quarters, and about its use of non-GAAP measures like gross billings and non-GAAP net income (loss), which it uses to evaluate operating performance.
Gaotu’s press releases also cover corporate actions and governance, such as share repurchase programs authorized by its board of directors and changes in board and committee composition. In addition, the company announces the filing of its annual report on Form 20-F and the scheduling of earnings conference calls, providing dial-in details and webcast access information for investors and analysts.
Because Gaotu emphasizes AI-powered, product-led learning solutions and the integration of AI and data analytics into its teaching and operations, its news often discusses how these technologies relate to learning effectiveness, operational efficiency and organizational capabilities. Investors and observers who want a consolidated view of Gaotu’s official communications, financial updates and strategic commentary can use this news feed as a central reference and revisit it as new company disclosures are released.
Gaotu Techedu Inc. (NYSE: GOTU) will release its financial results for the fourth quarter and fiscal year 2022, ending December 31, 2022, on February 28, 2023, before U.S. markets open. A conference call is scheduled for 8:00 AM U.S. Eastern Time on the same day, with details available for international dial-in. The earnings report will provide insights into the company's performance amid a challenging education sector in China. Additionally, a replay of the call will be accessible until March 7, 2023. For more information, visit their investor relations website.
Gaotu Techedu Inc. (NYSE: GOTU) announced on January 6, 2023, that it has regained compliance with the NYSE's continued listing criterion, requiring a minimum average stock price of $1.00 over a consecutive 30 trading-day period. This follows a notification received on November 16, 2022, regarding its ADSs falling below this threshold. The NYSE confirmed on January 3, 2023, that Gaotu’s average stock price for the previous 30 days exceeded $1.00 per ADS, allowing the Company to maintain its listing.
Gaotu Techedu (NYSE: GOTU) reported Q3 2022 results, revealing a 45.6% decline in net revenues to RMB606.2 million, down from RMB1,114.9 million in Q3 2021. Despite this, gross billings surged 101.3% year-over-year to RMB607 million. A net loss reduced significantly by 94.1% to RMB61.4 million, compared to RMB1,044.6 million in Q3 2021. The company announced a share repurchase program of up to US$30 million, reflecting leadership's confidence in future growth.
Gaotu Techedu Inc. (NYSE: GOTU) announced on November 18, 2022, that it received a non-compliance letter from the NYSE due to its American depositary shares trading below the required $1.00 threshold for 30 consecutive trading days. As of November 15, 2022, the average closing price was $0.90. The company must raise its share price above $1.00 within six months to avoid delisting. However, its market capitalization and stockholders' equity remain above the $50 million listing standards. Gaotu is exploring options to remedy this situation.
Gaotu Techedu Inc. (NYSE: GOTU) will announce its third quarter 2022 financial results on November 22, 2022, before U.S. market opening. An earnings conference call will take place at 8:00 AM ET on the same day. Gaotu is a technology-driven education company in China, specializing in online large-class tutoring. The company provides educational services for various demographics using big data analytics to enhance teaching and operational efficiency.
Gaotu Techedu Inc. (NYSE: GOTU) reported unaudited financial results for Q2 2022, revealing net revenues of RMB537.8 million, down 75.9% year-over-year, and a net loss narrowed to RMB49.8 million from RMB918.8 million. Gross billings fell 77.3% to RMB611.7 million, but non-GAAP net income turned positive at RMB0.6 million, compared to a loss of RMB763.9 million in Q2 2021. The company achieved a net operating cash inflow of RMB93.8 million. Despite these improvements, Q3 revenue guidance suggests a further decline of 46.5% to 48.3% year-over-year.
Gaotu Techedu Inc. (NYSE: GOTU) is set to announce its second quarter 2022 financial results on September 8, 2022, before U.S. markets open. The earnings call will take place at 8:00 AM ET on the same day. The company specializes in technology-driven education and large-class tutoring services in China. Gaotu aims to effectively disseminate high-quality teaching resources using an online live format supported by big data analytics, enhancing both teaching delivery and operational efficiency.
Gaotu Techedu Inc. (NYSE: GOTU) announced its Q1 2022 financial results, reporting net revenues of RMB724.6 million, down 62.7% from RMB1,940.3 million in Q1 2021. However, the company achieved a net income of RMB53.7 million, a significant turnaround from a net loss of RMB1,425.9 million in the same period last year. Operating expenses decreased by 83.1% to RMB486.4 million, while gross profit margin increased slightly to 70.6%. The company anticipates Q2 2022 net revenues to range between RMB438 million and RMB458 million, indicating a projected decline of 79% to 80% year-over-year.
Gaotu Techedu Inc. (NYSE: GOTU) announced it will report its Q1 2022 financial results for the period ending March 31, 2022, on June 6, 2022, before U.S. markets open. An earnings conference call is scheduled for the same day at 8:00 AM ET. Gaotu is a technology-driven education company in China, providing vocational and professional education through large-class online tutoring. The firm emphasizes the use of big data analytics to enhance teaching delivery and operational efficiency.
Gaotu Techedu Inc. (NYSE: GOTU) has filed its annual report on Form 20-F with the U.S. Securities and Exchange Commission for the fiscal year ending December 31, 2021. The report includes audited financial statements, management analysis, and additional disclosures. Interested shareholders can request a hard copy of the report free of charge from the Investor Relations Department. Gaotu is a technology-driven education provider in China, specializing in large-class tutoring and utilizing big data to enhance learning experiences.