Lates News

On the 5th and 15th of the month, Gaotu Education Technology Group released its first quarter financial report for the 2025 fiscal year. As of March 31, 2025, Gaotu achieved a revenue of approximately 1.5 billion yuan in the first quarter, a year-on-year increase of nearly 58%; operating profit was approximately 348 million yuan; net profit exceeded 1.2 billion yuan; adjusted net profit was nearly 1.4 billion yuan, with a net profit margin of 9.2%. As of March 31, 2025, the company held a total of 3.5 billion yuan in cash and cash equivalents, restricted funds, short-term investments, and long-term investments. As of May 14, 2025, approximately 22.3 million US depositary shares have been repurchased, totaling approximately 460 million yuan. On the basis of the existing repurchase plan, the board of directors has approved a new stock repurchase plan that can repurchase up to $100 million worth of stock in the next 3 years after the end of the existing repurchase plan.