新东方-S(9901.HK)FY25Q3业绩点评:核心教育业务收入稳健增长 出国及文旅业务拖累利润

光大证券
25 Apr

事件:FY25Q3 新东方实现净营收11.83 亿美元,同比-2.0%;实现归母净利润0.87亿美元,同比+0.1%;实现Non–GAAP 归母净利润1.13 亿美元,同比-14.3%。核心教育业务收入稳健增长,出国考试业务有所拖累。FY25Q3 净营收(不包括东方甄选自营产品及直播电商业务实现的营收)为10.38亿美元,同比增长21.2%,落在此前指引上沿(指引同比增长18%-21%)。分业务...

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