Gaotu Techedu Inc - ADR

NYSE:GOTU  
3.32
-0.33 (-9.04%)
Officer Changes, Other Pre-Announcement

Gaotu Techedu Reports Q2 Non-GAAP Net Loss Per ADS RMB 2.99

Published: 09/22/2021 05:45 GMT
Gaotu Techedu Inc - ADR (GOTU) - Q2 Revenue Rose 35.3 Percent to Rmb 2.232 Billion.
Qtrly Paid Course Enrollments Increased 4.1% Year-over-year to 1,631 Thousand.
Qtrly Net Loss Was Rmb918.8 Million.
Non-GAAP Basic and Diluted Net Loss per Ads, Were Rmb2.99, in Q2 of 2021.
Due to Uncertainty Related to Recent Regulatory and Operating Environment, Company Has Decided Not to Issue Guidance in Near Term.
Xin Fan Has Resigned From Board of Directors of Company, for Personal Reasons, Effective on September 22, 2021.
Appointed Jin Cui As an Independent Director of Company, Effective Sept 22.
Q2 Revenue View Cny 2.50 Billion -- Refinitiv Ibes Data (analyst estimates).
Q2 Earnings per Share View Cny -1.44 -- Refinitiv Ibes Data (analyst estimates).