US Stock Market Move | Gaotu Techedu, Inc. Sponsored ADR Class A (GOTU.US) rose more than 5% in after-hours trading. Its fourth quarter revenue increased by 82.5% year-on-year.
On Tuesday, GOTU.US rose more than 5%, reaching $3.60.
On Tuesday, Gaotu Techedu, Inc. Sponsored ADR Class A (GOTU.US) rose more than 5%, reaching $3.60. The financial report shows that Gaotu Techedu, Inc. Sponsored ADR Class A's revenue for the fourth quarter of 2024 continued to accelerate, increasing by 82.5% year-on-year to reach 13.9 billion yuan, with a further 29.4 percentage point increase from the previous quarter; cash revenue maintained high-speed growth, increasing by 69.0% year-on-year to reach 21.6 billion yuan. Profitability and operational efficiency continued to improve, with operating losses narrowing by 20.6% in the fourth quarter, and the operating loss rate improving significantly by 13.9 percentage points; achieving operating net cash flow of 780 million yuan.
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