Strong Revenue Growth
Net revenues were USD 619.4 million, representing year-over-year increases of 50.4% in U.S. dollar terms and 50.8% in RMB terms.
Growth in Core Business Lines
The largest revenue contributor, Peiyou small class offerings, maintained an upward trajectory driven by enrollment growth and expansion of operating capacity.
Launch of XBook
Introduced a lower ASP learning device, XBook, which has begun to gain market acceptance, expanding product offerings for students' learning and practice needs.
Online Enrichment Learning Progress
Continued innovation in online learning sector, introducing new offerings to enhance digital learning experiences.
Income Growth
Non-GAAP net income attributable to TAL was USD 74.3 million, up from USD 58.8 million in the same period last year.