06:06 AM EDT, 05/15/2025 (MT Newswires) -- Gaotu Techedu ( GOTU ) reported Q1 net income Thursday of 0.49 Chinese renminbi ($0.07) per diluted American depositary share, swinging from a loss of 0.05 renminbi a year earlier.

Two analysts surveyed by FactSet expected EPS of 0.29 renminbi.

Revenue for the quarter ended March 31 was 1.49 billion renminbi, up from 946.9 million renminbi a year earlier.

Analysts surveyed by FactSet expected 1.43 billion renminbi.

The company expects Q2 net revenue to range between 1.3 billion and 1.32 billion renminbi.

Three analysts surveyed by FactSet expect 1.24 billion renminbi.

Shares of the company were up 13% in recent premarket activity.