Gaotu Techedu Inc (LTS:0A7G)
$ 2.25 0 (0%) Market Cap: 605.30 Mil Enterprise Value: 354.17 Mil PE Ratio: 0 PB Ratio: 2.02 GF Score: 72/100
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Q1 2023 Gaotu Techedu Inc Earnings Call Transcript

May 30, 2023 / 12:00PM GMT
Release Date Price: $2.42 (-5.54%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Gaotu Techedu First Quarter 2023 Earnings Conference Call. After today's presentation, there will be an opportunity to ask questions. Please note, today's event is being recorded.

I would now like to turn the conference over to your first speaker today, Ms. Sherry Liu, IR Manager of Gaotu. Please go ahead, Sherry.

Sherry Liu
Gaotu Techedu Inc. - IR Manager

Thank you, operator. Good evening, everyone. Thank you for joining Gaotu's First Quarter 2023 Earnings Conference Call. Gaotu's earnings release for the quarter was published earlier today and is available on the company's IR website at ir.gaotu.cn.

Joining the call with me tonight from Gaotu senior management 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 business highlights for the quarter, and then afterwards, Shannon will discuss our financial performance in more detail. Following their prepared remarks, Larry and

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