New Oriental reported strong Q1 FY2025 results with total net revenues increasing 30.5% YoY to $1.44 billion, while net income rose 48.4% to $245.4 million. Core educational revenue excluding East Buy business grew 33.5% to $1.28 billion, driven by overseas test prep (+18.8%), study consulting (+20.7%), and domestic test prep (+30.4%). Operating margin improved to 20.4% from 18.6% last year.The company's educational initiatives showed robust growth, with non-academic tutoring courses reaching 484,000 student enrollments across 60 cities. The intelligent learning system attracted 323,000 active paid users. The newly integrated tourism business achieved significant growth, offering study tours and research camps for students as well as travel services across 30 provinces.New Oriental maintained strong liquidity with $4.9 billion in cash and investments as of August 31, 2024. The company extended its share repurchase program to May 2025 and increased the authorization from $400 million to $700 million, having repurchased $457.9 million worth of ADSs to date. For Q2 FY2025, core revenue is expected to grow 25-28% YoY to $851-872 million.

New Oriental reported strong Q1 FY2025 results with total net revenues increasing 30.5% YoY to $1.44 billion, while net income rose 48.4% to $245.4 million. Core educational revenue excluding East Buy business grew 33.5% to $1.28 billion, driven by overseas test prep (+18.8%), study consulting (+20.7%), and domestic test prep (+30.4%). Operating margin improved to 20.4% from 18.6% last year.The company's educational initiatives showed robust growth, with non-academic tutoring courses reaching 484,000 student enrollments across 60 cities. The intelligent learning system attracted 323,000 active paid users. The newly integrated tourism business achieved significant growth, offering study tours and research camps for students as well as travel services across 30 provinces.New Oriental maintained strong liquidity with $4.9 billion in cash and investments as of August 31, 2024. The company extended its share repurchase program to May 2025 and increased the authorization from $400 million to $700 million, having repurchased $457.9 million worth of ADSs to date. For Q2 FY2025, core revenue is expected to grow 25-28% YoY to $851-872 million.