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Gaotu Techedu (GOTU)
NYSE:GOTU
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.13Last Year’s EPS
-$0.46Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 04, 2024
|% Change Since: -26.51%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong revenue and billing growth, successful share buyback, and strategic investments in educational services. However, significant increases in operating expenses and a widening loss, along with economic challenges, balanced the positive aspects.Company Guidance
During the third quarter of 2024, Gaotu Techedu reported significant growth metrics, with gross billings rising by 67.2% year-over-year to approximately RMB 1.1 billion and revenue increasing by 53.1% to over RMB 1.2 billion. The company allocated over RMB 120 million for share buybacks, maintaining a robust liquidity position with over RMB 3.3 billion in cash and investments as of September 30, 2024. Additionally, deferred revenue grew by 89.0% year-over-year to over RMB 1.4 billion. Despite these gains, Gaotu faced a net operating cash outflow of RMB 714.4 million and reported a net loss of RMB 471.3 million, with a negative operating margin of 40.6%. Looking ahead, Gaotu anticipates fourth-quarter revenue growth between 69.2% and 71.9% year-over-year, while aiming for steady growth and reduced losses in 2025.Significant Growth in Core Metrics
Gross billings increased by 67.2% year-over-year to approximately RMB 1.1 billion, and revenue grew by 53.1% year-over-year to over RMB 1.2 billion.
Strong Liquidity Position
As of September 30, 2024, Gaotu held over RMB 3.3 billion in cash, cash equivalents, restricted cash, and short-term and long-term investments.
Successful Share Buyback Program
Repurchased more than 6.5 million ADS for approximately USD 25.1 million, representing about 2.6% of total outstanding shares.
Educational Services for College Students
Achieved high double-digit year-over-year revenue growth, along with quarterly profit and positive cash flow.
Nonacademic Tutoring Services Growth
Nonacademic tutoring services represented more than 75% of total revenues, with a 70% year-over-year increase.
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GOTU Earnings History
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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GOTU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 04, 2024 | $2.98 | $2.65 | -11.07% |
| Aug 27, 2024 | $4.08 | $3.31 | -18.87% |
| May 21, 2024 | $8.18 | $7.11 | -13.08% |
| Feb 27, 2024 | $5.94 | $7.76 | +30.64% |
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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FAQ
When does Gaotu Techedu (GOTU) report earnings?
Gaotu Techedu (GOTU) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Gaotu Techedu (GOTU) earnings time?
Gaotu Techedu (GOTU) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GOTU EPS forecast?
GOTU EPS forecast for the fiscal quarter 2024 (Q4) is -$0.13.
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