Gaotu Techedu (GOTU) has released an update.
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Gaotu Techedu Inc. reported a significant increase in net revenues of 43.6% year-over-year in Q2 2024, yet faced a substantial net loss of RMB429.6 million compared to a net income in Q2 2023. Despite the losses, the company demonstrated strong growth in gross billings and net operating cash inflow, indicating potential for future growth.
For further insights into GOTU stock, check out TipRanks’ Stock Analysis page.
