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Gaotu Techedu Swings to Q2 Loss, Revenue Increases
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Gaotu Techedu Swings to Q2 Loss, Revenue Increases
Aug 29, 2024 2:37 AM

04:33 AM EDT, 08/27/2024 (MT Newswires) -- Gaotu Techedu ( GOTU ) reported a Q2 loss Tuesday of 1.65 renminbi ($0.23) per American depositary share, compared with earnings of 0.21 renminbi a year earlier.

Net revenue for the quarter ended June 30 was 1.01 billion renminbi, up from 703.1 million renminbi a year earlier.

Four analysts surveyed by Capital IQ expected 977.4 million renminbi.

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