Gaotu Techedu Inc. (GOTU) posted a second quarter net loss of RMB 216.0 million, compared with a net loss of RMB 429.6 million, last year. Net loss per ADS was RMB 0.88 compared to a loss of RMB 1.65. Non-GAAP net loss was RMB 206.8 million, compared with a non-GAAP net loss of RMB 418.0 million. Non-GAAP net loss per ADS was RMB 0.84.
Net revenues increased by 37.6% to RMB 1.39 billion from a year ago. Gross billings were RMB 2.25 billion, increased by 36.2%.
Total net revenues for the third quarter are expected to be between RMB 1.56 billion and RMB 1.58 billion.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.