Gaotu Techedu Inc. (NYSE: GOTU) saw its stock price surge 16.58% in Thursday's pre-market trading session following the release of its impressive first-quarter 2025 financial results and the announcement of a new share repurchase program. The Chinese education technology company's performance significantly exceeded market expectations, driving investor optimism.
The company reported quarterly earnings of $0.07 per share, with revenue reaching RMB 1,493 million ($205.75 million), representing a substantial 57.7% increase compared to the same period last year. Gaotu's net income stood at RMB 124.0 million, a significant turnaround from a net loss of RMB 12.3 million in Q1 2024. The adjusted gross profit for the quarter was RMB 1,042.7 million, boasting an impressive adjusted gross margin of 69.8%.
Adding to the positive sentiment, Gaotu Techedu provided an optimistic outlook for the second quarter, projecting revenue growth between 28.5% and 30.5%, with expected revenue ranging from RMB 1,298 million to RMB 1,318 million. The announcement of a new share repurchase program further bolstered investor confidence, as it demonstrates the company's commitment to enhancing shareholder value. These factors collectively contributed to the significant pre-market stock price appreciation, setting a positive tone for the upcoming trading session.
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