高途 Gaotu Techedu Inc.（GOTU）2023年第一季度财报「NYSE」（英文版）（11页）.pdf

1、 Exhibit 99.1 Gaotu Techedu Announces First Quarter of 2023 Unaudited Financial Results Beijing,China,May 30,2023 Gaotu Techedu Inc.(NYSE:GOTU)(“Gaotu”or the“Company”),a technology-driven education company and online large-class tutoring service provider in China,today announced its unaudited financ

2、ial results for the first quarter ended March 31,2023.First Quarter 2023 Highlights1 Net revenues were RMB707.3 million,compared with net revenues of RMB724.6 million in the same period of 2022.Gross billings2 were RMB539.0 million,increased by 69.4%from RMB318.1 million in the same period of 2022.I

3、ncome from operations was RMB95.1 million,increased by 275.9%from RMB25.3 million in the same period of 2022.Non-GAAP income from operations was RMB114.9 million,increased by 79.3%from RMB64.1 million in the same period of 2022.Net income was RMB113.9 million,increased by 112.1%from RMB53.7 million

4、in the same period of 2022.Non-GAAP net income was RMB133.6 million,increased by 44.4%from RMB92.5 million in the same period of 2022.First Quarter 2023 Key Financial and Operating Data(In thousands of RMB,except for percentages)For the three months ended March 31,2022 2023 Pct.Change Net revenues 7

5、24,615 707,292 (2.4)%Gross billings 318,095 538,951 69.4%Income from operations 25,253 95,139 275.9%Non-GAAP income from operations 64,078 114,881 79.3%Net income 53,718 113,853 112.1%Non-GAAP net income 92,543 133,595 44.4%1 For a reconciliation of non-GAAP numbers,please see the table captioned Re

6、conciliations of non-GAAP measures to the most comparable GAAP measures at the end of this press release.Non-GAAP income(loss)from operations and non-GAAP net income(loss)exclude share-based compensation expenses.2 Gross billings is a non-GAAP financial measure,which is defined as the total amount o