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

Q2 2023 Gaotu Techedu Inc Earnings Call Transcript

Aug 30, 2023 / 12:00PM GMT
Release Date Price: $3.26 (-7.68%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Gaotu Techedu Second Quarter 2023 Earnings Conference Call.

(Operator Instructions)

Please note that today's event is being recorded. I would now like to turn the conference over to your first speaker today, Ms. [Catherine Chen], Head of Investor Relations. Please go ahead, [Catherine].

Unidentified Company Representative

Thank you, operator. Good evening, everyone. Thank you for joining Gaotu's Second 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 is available on the company's IR website at ir.gaotu.cn as well as through PR Newswire services.

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

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