新东方-S(9901.HK)FY25Q2业绩点评:FY25Q2教育业务表现稳健 下半财年利润率预计承压

光大证券
Jan 23, 2025

事件:FY25Q2 新东方实现营收10.39 亿美元,同比+19.4%;实现归母净利润0.32亿美元,同比+6.2%;实现Non-GAAP 归母净利润0.36 亿美元,同比-29.1%。核心教育业务稳健增长,超出此前指引。FY25Q2 核心教育业务(不含甄选)收入同比+31.3%,高于此前指引上沿(同比增长25%-28%)。分业务来看:1)FY25Q2出国考试准备和出国咨询业务收入分别同比+...

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