Gaotu Techedu Inc., a leading technology-driven education company in China, reported its unaudited financial results for the first quarter ended March 31, 2025. The company achieved net revenues of RMB1.493 billion, marking a 57.7% increase from RMB946.9 million in the same period of 2024. Gross billings rose by 21.8% to RMB888.7 million from RMB729.4 million in the previous year. Income from operations reached RMB34.8 million, a significant turnaround from a loss of RMB77.7 million in Q1 2024. Net income was reported at RMB124.0 million, compared to a net loss of RMB12.3 million in the previous year. Non-GAAP net income saw a notable increase, reaching RMB137.3 million, up from RMB3.0 million in the same period of 2024. The company attributes its revenue growth to a strong market demand and the enhanced recognition of its high-quality educational products and services. Gaotu Techedu also announced a new share repurchase program, aiming to create long-term value for its shareholders.
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