Gaotu Techedu, Inc. Sponsored ADR Class A (GOTU.US) reported a year-on-year revenue growth of 82.5% in Q4, with a net loss of 136 million yuan.

Gaotu Techedu, Inc. Sponsored ADR Class A (GOTU.US) announced its performance for the fourth quarter of the fiscal year 2024. The financial report shows that Gaotu Techedu, Inc. Sponsored ADR Class A had Q4 revenue of 1.389 billion yuan, a year-on-year increase of 82.5%; with a net loss of 136 million yuan, compared to a net loss of 120 million yuan in the same period last year. The net loss under Non-GAAP accounting standards was 124 million yuan, compared to a net loss of 104 million yuan in the same period last year. Cash revenue was 2.16 billion yuan, a year-on-year increase of 69.0%. Net operating cash flow was 784 million yuan, a year-on-year increase of 59.4%. Operating loss was 149 million yuan, compared to a loss of 188 million yuan in the same period last year. In terms of full-year performance, the company's revenue was 45.54 billion yuan, a year-on-year increase of 53.8%; with a net loss of 1.049 billion yuan, compared to a net loss of 73 million yuan in the same period last year. The net loss under Non-GAAP accounting standards was 996 million yuan, compared to a net profit of 51.1 million yuan in the same period last year. As of December 31, 2024, the company's total cash and cash equivalents, restricted cash, short-term and long-term investments amounted to 40.94 billion yuan. Looking ahead, the company expects revenue for the first quarter of the fiscal year 2025 to be between 1.408 billion yuan and 1.428 billion yuan, a year-on-year increase of 48.7% to 50.8%. As of the time of publication, Gaotu Techedu, Inc. Sponsored ADR Class A's stock rose over 8% in pre-market trading on Wednesday.