Gaotu(GOTU) - 2024 Q2 - Quarterly Results

Exhibit 99.1 Gaotu Techedu Announces Second Quarter 2024 Unaudited Financial Results Beijing, China, August 27, 2024 —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 second quarter ended June 30, 2024. Second Quarter 2024 Highlights[1] • Net revenues were RMB1,009.8 million, increased by 43.6% from RMB703.1 million in the same period of 2023. • ...