Gaotu Techedu Non-GAAP EPS of -$0.17, Revenue of $85.21M; Initiates Q4 Revenue Guidance

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Gaotu Techedu Non-GAAP EPS of -$0.17, Revenue of $85.21M; Initiates Q4 Revenue Guidance

Seeking Alpha2022-11-22

Gaotu Techedu Q3 Non-GAAP EPS of -$0.17.
Revenue of $85.21M (-45.6% Y/Y).
Gross billings were RMB607.0M, compared with gross billings of RMB301.6M in the same period of 2021.
Non-GAAP gross profit margin increased to 72.5% from 39.2% in the same period of 2021.
Outlook: Total net revenues for the fourth quarter of 2022 are expected to be between RMB608 million and RMB628 million, representing a decrease of 50.7% to 52.3% on a year-over-year basis.

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