Gaotu(GOTU) - 2023 Q1 - Quarterly Report

Exhibit 99.1 Gaotu Techedu Announces Fourth Quarter and Fiscal Year 2022 Unaudited Financial Results Beijing, China, February 28, 2023 —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, 2022. Fourth Quarter 2022 Highlights[1] • Net revenues were RMB629.6 million, compared with net revenues of RMB1, ...