Gaotu(GOTU) - 2024 Q3 - Quarterly Results

Exhibit 99.1 Gaotu Techedu Announces Third Quarter 2024 Unaudited Financial Results Beijing, China, December 4, 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 third quarter ended September 30, 2024. Third Quarter 2024 Highlights[1] • Net revenues were RMB1,208.3 million, increased by 53.1% from RMB789.4 million in the same period of 2023. ...