Gaotu Techedu Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results

BEIJING, Feb. 27, 2024 /PRNewswire/ -- 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 financial results for the fourth quarter and fiscal year ended December 31, 2023. Fourth Quarter 2023 Highlights[1] Net revenues were RMB761.0 million, increased by 20.9% from RMB629.6 million in the same period of 2022. Gross billings[2] were RMB1,278.1 million, increased by 28.1% fr ...