Gaotu Techedu reported a second-quarter net loss of ¥0.57 per American Depositary Share, widening from ¥0.46 in the same period last year and missing analyst estimates by ¥0.11. Revenue totaled ¥1.67 billion, up 3% year-over-year and exceeding the consensus forecast of ¥1.62 billion.
The Beijing-based online education provider also provided third-quarter guidance, projecting revenue between ¥1.84 billion and ¥1.86 billion. Shares closed at ¥1.73 on Friday, down 2.81% over the past three months and 56.53% over the last 12 months. Analysts have revised earnings estimates downward in the past 90 days, according to market data.
Gaotu Techedu’s financial health was rated as "fair performance" by InvestingPro, reflecting ongoing challenges in China’s education sector amid regulatory scrutiny and shifting market dynamics.
