1、 New Oriental Announces Results for the First Fiscal Quarter Ended August 31,2024 BEIJING,Oct.23,2024/PRNewswire/New Oriental Education&Technology Group Inc.(the Company or New Oriental)(NYSE:EDU/9901.SEHK),a provider of private educational services in China,today announced its unaudited financial r
2、esults for the first fiscal quarter ended August 31,2024,which is the first quarter of New Orientals fiscal year 2025.Financial Highlights for the First Fiscal Quarter Ended August 31,2024 Total net revenues increased by 30.5%year over year to US$1,435.4 million for the first fiscal quarter of 2025.
3、Total net revenues,excluding revenues generated from East Buy private label products and livestreaming business,increased by 33.5%year over year to US$1,278.2 million for the first fiscal quarter of 2025.Operating income increased by 42.9%year over year to US$293.2 million for the first fiscal quart
4、er of 2025.Operating income,excluding operating loss generated from East Buy private label products and livestreaming business,increased by 58.4%year over year to US$303.1 million for the first fiscal quarter of 2025.Net income attributable to New Oriental increased by 48.4%year over year to US$245.
5、4 million for the first fiscal quarter of 2025.Key Financial Results (in thousands US$,except per ADS(1)data)1Q FY2025 1Q FY2024%of change Net revenues 1,435,416 1,100,021 30.5%Operating income 293,150 205,124 42.9%Non-GAAP operating income(2)(3)300,003 244,755 22.6%Net income attributable to New Or
6、iental 245,430 165,386 48.4%Non-GAAP net income attributable to New Oriental(2)(3)264,732 189,318 39.8%Net income per ADS attributable to New Oriental-basic 1.49 1.00 48.6%Net income per ADS attributable to New Oriental-diluted 1.48 0.99 49.6%Non-GAAP net income per ADS attributable to New Oriental-
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