Gaotu Techedu Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CNY 789.41 million compared to CNY 606.17 million a year ago. Net loss was CNY 57.66 million compared to CNY 61.35 million a year ago. Basic loss per share from continuing operations was CNY 0.22 compared to CNY 0.24 a year ago. Diluted loss per share from continuing operations was CNY 0.22 compared to CNY 0.24 a year ago.
For the nine months, sales was CNY 2,199.8 million compared to CNY 1,868.58 million a year ago. Net income was CNY 112.35 million compared to net loss of CNY 57.44 million a year ago. Basic earnings per share from continuing operations was CNY 0.4333 compared to basic loss per share from continuing operations of CNY 0.22 a year ago. Diluted earnings per share from continuing operations was CNY 0.42 compared to diluted loss per share from continuing operations of CNY 0.22 a year ago.