Gaotu Techedu (GOTU) posted a third quarter net loss of RMB 471.3 million, compared with a net loss of RMB 57.7 million, prior year. Net loss per ADS was RMB 1.83 compared to a loss of RMB 0.22. Non-GAAP net loss was RMB 457.2 million, compared with a non-GAAP net loss of RMB 41.7 million. Non-GAAP net loss per ADS was RMB 1.78, for the quarter.
Third quarter net revenues increased by 53.1% to RMB 1.21 billion from a year ago. Gross billings were RMB 1.07 billion, up 67.2%.
The company projects fourth quarter total net revenues to be between RMB 1.29 billion and RMB 1.31 billion, representing an increase of 69.2% to 71.9% on a year-over-year basis.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.