2025 财年4 季度业绩:收入6.1 亿美元,同比增42%,基本符合我们预期,主要受益于强劲的素质教育培训需求及学习机销售。调整后运营亏损169万美元,对比我们预期/彭博市场预期的盈利2200 万/2500 万美元,主要因线上营销支出高于预期。调整后净利润701 万美元,对应净利润率1.1%。业绩亮点:1)学习服务:我们估算素养业务收入维持高速增长,得益于培优素养小班收入强劲需求以及教学点扩张下...
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