高途 Gaotu Techedu Inc.（GOTU）2024年第二季度财报「NYSE」（英文版）（11页）.pdf

1、 Exhibit 99.1 Gaotu Techedu Announces Second Quarter 2024 Unaudited Financial Results Beijing,China,August 27,2024 Gaotu Techedu Inc.(NYSE:GOTU)(“Gaotu”or the“Company”),a technology-driven education company and online large-class tutoring service provider in China,today announced its unaudited finan

2、cial results for the second quarter ended June 30,2024.Second Quarter 2024 Highlights1 Net revenues were RMB1,009.8 million,increased by 43.6%from RMB703.1 million in the same period of 2023.Gross billings2 were RMB1,653.7 million,increased by 87.4%from RMB882.3 million in the same period of 2023.Lo

3、ss from operations was RMB464.8 million,compared with income from operations of RMB43.3 million in the same period of 2023.Net loss was RMB429.6 million,compared with net income of RMB56.2 million in the same period of 2023.Non-GAAP net loss was RMB418.0 million,compared with non-GAAP net income of

4、RMB63.2 million in the same period of 2023.Net operating cash inflow was RMB386.2 million,increased by 33.8%from RMB288.5 million in the same period of 2023.Second Quarter 2024 Key Financial and Operating Data(In thousands of RMB,except for percentages)For the three months ended June 30,2023 2024 Pc

5、t.Change Net revenues 703,094 1,009,797 43.6%Gross billings 882,325 1,653,692 87.4%Income/(loss)from operations 43,311 (464,750)(1,173.1)%Net income/(loss)56,161 (429,550)(864.9)%Non-GAAP net income/(loss)63,159 (418,040)(761.9)%Net operating cash inflow 288,542 386,184 33.8%1 For a reconciliation o

6、f non-GAAP numbers,please see the table captioned Reconciliations of non-GAAP measures to the most comparable GAAP measures at the end of this press release.Non-GAAP income(loss)from operations and non-GAAP net income(loss)exclude share-based compensation expenses.2 Gross billings is a non-GAAP fina