Glonghui, December 4 | Gaotu (GOTU.US) pre-market fell 7.38%, reported $2.76. In terms of news, Gaotu announced its third-quarter results, with net revenue increasing 53.1% year-on-year to 1.208 billion yuan, operating losses of 0.49 billion yuan, expanded from 99.5 million in the same period last year; gross margin decreased from 72.4% in the same period last year to 64.4%. Operating expenses increased significantly by 89.1% year-on-year to 1.268 billion yuan, mainly due to employee team expansion and increased spending on marketing and branding activities. (Glonghui)
美股异动｜高途盘前跌超7% 第三季度经营亏损同比大幅扩大
US stock market anomalies | Gaotu fell more than 7% before the market, and the operating loss in the third quarter expanded significantly year-on-year.
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