新东方:核心业务增长不确定性仍存 利润率或逐步改善

中金公司
24 Apr

3QFY25 核心业务收入基本符合预期,Non-GAAP 经营利润超预期新东方公布3QFY25 业绩:总收入11.8 亿美元,同比下滑2.0%,略低于市场预期但基本符合我们此前预期;Non-GAAP 经营利润1.42 亿美元,超出我们及市场预期,主要得益于核心业务(除东方甄选外业务)经营利润超预期。核心业务收入同比增长21.2%至10.4 亿美元,略高于公司指引区间高端,基本符合我们预期;核心业务...

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