Gaotu Techedu (GOTU) has released an update.
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.
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