Core Insights - New Oriental Education & Technology Group reported a 2.0% year-on-year decline in net revenue for Q3 2025, amounting to $1.183 billion, while net revenue excluding self-operated products and live e-commerce increased by 21.2% to $1.0383 billion [1] - The operating profit rose by 9.8% year-on-year to $124.5 million, with a 5.0% increase to $125.5 million when excluding losses from self-operated products and live e-commerce [1] - The net profit attributable to shareholders increased by 0.1% to $87.3 million [1] Financial Performance - For the first nine months of FY2025, New Oriental's net revenue reached $3.657 billion, a 15.1% increase year-on-year [1] - Operating profit for the same period was $436.9 million, reflecting a 28.5% year-on-year growth [1] - Net profit attributable to shareholders for the first nine months was $364.6 million, up 29.0% year-on-year [1] Future Guidance - New Oriental expects Q4 FY2025 net revenue (excluding self-operated products and live e-commerce) to be between $1.009 billion and $1.0366 billion, representing a year-on-year growth rate of 10% to 13% [1] - The company anticipates revenue growth in RMB for Q4 FY2025 to be between 12% and 15% [1] Business Segments - The revenue from overseas exam preparation and consulting services grew by approximately 7.1% and 21.4% year-on-year, respectively [2] - Domestic exam preparation services for adults and university students recorded a year-on-year growth of about 17.0% [2] - New educational businesses maintained strong growth, with a revenue increase of 34.5% year-on-year [2] Operational Strategies - The company is focusing on optimizing teaching space and enhancing operational efficiency in line with business growth [2] - New Oriental is advancing its OMO (Online-Merge-Offline) teaching system and increasing investments in AI technology applications in education [2] - The company is developing innovative technologies to support teachers and staff, improving operational efficiency and service satisfaction [2] Profitability Metrics - The GAAP operating profit margin (excluding self-operated products and live e-commerce) for the quarter was 12.1%, down from 14.0% in the same period last year [2] - The Non-GAAP operating profit margin for the quarter was 13.3%, compared to 15.1% in the previous year [2] - The slowdown in overseas business revenue growth and investments in newly integrated cultural tourism businesses have temporarily impacted operating profit [2]
新东方-S(09901)公布第三季度业绩 股东应占净利润同比上升0.1%至8730万美元