Gaotu Techedu Inc (NYSE:GOTU)
$ 4.08 0.02 (0.49%) Market Cap: 1.06 Bil Enterprise Value: 708.64 Mil PE Ratio: 0 PB Ratio: 2.44 GF Score: 82/100

Q3 2023 Gaotu Techedu Inc Earnings Call Transcript

Nov 22, 2023 / 01:00PM GMT
Release Date Price: $2.61 (-4.04%)
Operator

Hello, and welcome to the Gaotu Techedu third quarter 2023 earnings conference call. All participants will be on listen only mode. (Operator Instructions) Please note, today's event is being recorded. I would now like turn the conference over to Catherine Chen, Head of Investor Relations. Please go ahead.

Unidentified Company Representative

Thank you, operator. Good evening, everyone. Thank you for joining Gaotu's third quarter 2023 earnings conference call. My name is Catherine, and I'll help host the earnings call today. Gaotu's earnings release for the quarter was distributed earlier, and it's available on the company's IR website at ir.gaotu.cn, as well as through [PR news references] Joining the call with me tonight from Gaotu's senior management team, is Mr. Larry Chen, Gaotu's Founder, Chairman, and Chief Executive Officer; and Ms. Shannon Shen, Gaotu's Chief Financial Officer.

Larry will first provide the business highlights for the quarter. And t hen afterwards, Shannon will discuss our financial performance in more details. Following their prepared

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