Gaotu Techedu Inc - ADR

NYSE:GOTU   3:59:57 PM EDT
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Other Pre-Announcement

GSX Techedu Reports Qtrly Revenue of RMB 1.94 Bln

Published: 05/26/2021 07:14 GMT
Gaotu Techedu Inc - ADR (GOTU) - Gsx Techedu Announces First Quarter of 2021 Unaudited Financial Results.
Q1 Revenue Rose 49.5 Percent to Rmb 1.94 Billion.
Sees Q2 Revenue Rmb 2.14 Billion to Rmb 2.158 Billion.
Sees Q2 Revenue Up 30 to 31 Percent.
Qtrly Net Loss Was Rmb1,425.9 Million.
Basic and Diluted Net Loss per Ads Were Rmb5.58 and Rmb5.58, Respectively, in Q1 of 2021.
Basic and Diluted Net Loss per Ads Were Rmb5.58 and Rmb5.58, Respectively, in Q1 of 2021.
Qtrly Operating Expenses Were Rmb2,871.4 Million, Which Increased From Rmb922.4 Million in Q1 of 2020.