The earnings call reflects significant revenue growth, product innovation, and strategic expansion. However, increased costs, declining margins, and ongoing losses in the learning device segment present challenges. While the company is experiencing strong growth, profitability is under pressure.

Company Guidance

During the TAL Education Group's Q3 2025 earnings call, management highlighted substantial growth in key financial metrics and shared future guidance. Net revenues for the quarter reached USD 606.4 million, reflecting a year-over-year increase of 62.4%, while gross profit rose by 59.6% to USD 319.8 million. The company reported a net income attributable to TAL of USD 23.1 million, a significant improvement from a net loss of USD 23.9 million in the same period last year. Despite a loss from operations of USD 17.4 million, non-GAAP metrics showed a more favorable picture with a non-GAAP net income of USD 38.6 million. Key operational metrics for their learning devices included an average weekly active rate of 80% and average daily usage time of one hour per device. Looking forward, TAL anticipates potential quarterly fluctuations in their learning device revenues due to seasonal e-commerce activities but remains committed to sustainable growth across all business lines, focusing on product quality and innovation to meet evolving market demands.

Significant Revenue Growth

Net revenues for the quarter reached USD 606.4 million, reflecting a year-over-year growth of 62.4% in USD terms.

Strong Performance in Peiyou Enrichment Small Classes

Peiyou enrichment small classes remain the largest revenue contributor, showing continued growth in market demand and product quality.

Innovative Product Launches

Launch of the XBook learning device with features like a color ePaper display and AI-driven functionalities, receiving positive initial user feedback.

Expansion of Learning Devices

Revenue from learning devices increased year-over-year and quarter-over-quarter, supported by a diversified product lineup and e-commerce activities.

Recognition at Consumer Electronics Show

The XPad won a twice PIC award at the Consumer Electronics Show 2025, highlighting market recognition and innovation.

Improved Financial Performance

Net income attributable to TAL was USD 23.1 million, compared to a net loss of USD 23.9 million in the same period last year.

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TAL Education Group (TAL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TAL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 24, 2025	2025 (Q4)	0.07 / -	0.04	―	―	―
Jan 23, 2025	2025 (Q3)	0.02 / 0.04	-0.04	200.00% (+0.08)	―
Oct 24, 2024	2025 (Q2)	0.07 / 0.12	0.06	100.00% (+0.06)	―
Aug 01, 2024	2025 (Q1)	-0.03 / 0.02	-0.07	128.57% (+0.09)	―
Apr 25, 2024	2024 (Q4)	-0.02 / 0.04	-0.06	166.67% (+0.10)	―
Jan 25, 2024	2024 (Q3)	-0.01 / -0.04	-0.08	50.00% (+0.04)	―
Oct 26, 2023	2024 (Q2)	0.03 / 0.06	0	―	―
Jul 27, 2023	2024 (Q1)	-0.07 / -0.07	-0.07	0.00% (0.00)	―	―
Apr 27, 2023	2023 (Q4)	-0.03 / -0.06	-0.17	64.71% (+0.11)	―	―
Jan 19, 2023	2023 (Q3)	-0.03 / -0.08	-0.15	46.67% (+0.07)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TAL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 23, 2025	$9.13	$11.07	+21.25%
Oct 24, 2024	$10.21	$10.50	+2.84%
Aug 01, 2024	$10.02	$9.08	-9.38%
Apr 25, 2024	$12.26	$13.35	+8.89%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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