Gaotu Techedu Inc. (GOTU) witnessed a remarkable pre-market surge of 10.67% on Wednesday, February 26, 2025, following the release of its impressive fourth quarter and fiscal year 2024 financial results.
The company reported a significant 82.5% year-over-year increase in net revenues to RMB 1.39 billion for Q4 2024, surpassing analyst estimates. Gross billings also witnessed robust growth, rising 69% compared to the same period in 2023. Notably, Gaotu Techedu's net loss narrowed to RMB 135.8 million, reflecting the company's improving profitability and efficiency initiatives.
Adding to the positive sentiment, Gaotu Techedu provided an optimistic outlook for the first quarter of 2025, projecting net revenues to grow between 48.7% and 50.8% year-over-year. This strong guidance, coupled with the company's substantial net operating cash inflow of RMB 783.6 million in Q4 2024, indicates a solid foundation for future growth and strategic plans.
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