GOTU - Chinese Education Company Gaotu Techedu Posts Solid Q2 Earnings On Robust Billings | Benzinga
Gaotu Techedu Inc (NYSE: GOTU) reported a Q2 FY23 sales increase of 30.7% Y/Y to RMB703.1 million. In USD terms, sales totaled $96.96 million.
Gross billings rose 44.2% Y/Y to RMB882.3 million, led by an increase in customer acquisition efficiency.
Adjusted gross profit rose 31.8% Y/Y to RMB522.3 million, with margins increasing to 74.3% from 73.7% a year ago.
Adjusted operating income stood at RMB50.3 million versus a ...