Gaotu Narrows Its Losses While A New Growth Question Emerges Gaotu Techedu's second quarter results have been met with a mix of relief and skepticism.
The Chinese education company has managed to narrow its losses, but the underlying numbers tell a more nuanced story. On one hand, Gaotu is finally showing signs of stability after years of restructuring.
Revenue grew 20. 2% year over year, and cash flow improved significantly. Growth Without Profitability Gaotu's ability to narrow its losses is a testament to the company's efforts to get leaner.