高途 Gaotu Techedu Inc.（GOTU）2024年第三季度财报「NYSE」（英文版）（11页）.pdf

1、 Exhibit 99.1 Gaotu Techedu Announces Third Quarter 2024 Unaudited Financial Results Beijing,China,December 4,2024 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 third quarter ended September 30,2024.Third Quarter 2024 Highlights1 Net revenues were RMB1,208.3 million,increased by 53.1%from RMB789.4 million in the same period of 2023.Gross billings2 were RMB1,069.2 million,increased by 67.2%from RMB639.3 million in the same period of 2023

3、.Loss from operations was RMB490.1 million,compared with loss from operations of RMB99.5 million in the same period of 2023.Net loss was RMB471.3 million,compared with net loss of RMB57.7 million in the same period of 2023.Non-GAAP net loss was RMB457.2 million,compared with non-GAAP net loss of RMB

4、41.7 million in the same period of 2023.Net operating cash outflow was RMB714.4 million,compared with net operating cash outflow of RMB209.9 million in the same period of 2023.Third Quarter 2024 Key Financial and Operating Data(In thousands of RMB,except for percentages)For the three months ended Se

5、ptember 30,2023 2024 Pct.Change Net revenues 789,413 1,208,253 53.1%Gross billings 639,342 1,069,159 67.2%Loss from operations (99,541)(490,107)392.4%Net loss (57,663)(471,273)717.3%Non-GAAP net loss (41,729)(457,195)995.6%Net operating cash outflow (209,930)(714,385)240.3%1 For a reconciliation of

6、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 financ