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Gaotu Techedu (GOTU) Revenue & Revenue Breakdown

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Gaotu Techedu Revenue Highlights

Latest Revenue (Y)

$2.96B

Latest Revenue (Q)

$946.88M

Main Segment (Y)

Learning Services

Gaotu Techedu Revenue by Period

Gaotu Techedu Revenue by Year

DateRevenueChange
2023-12-31$2.96B18.52%
2022-12-31$2.50B-61.93%
2021-12-31$6.56B-7.90%
2020-12-31$7.12B236.89%
2019-12-31$2.11B432.30%
2018-12-31$397.31M307.16%
2017-12-31$97.58M-

Gaotu Techedu generated $2.96B in revenue during NA 2023, up 18.52% compared to the previous quarter, and up 745.22% compared to the same period a year ago.

Gaotu Techedu Revenue by Quarter

DateRevenueChange
2024-03-31$946.88M24.42%
2023-12-31$761.01M-3.60%
2023-09-30$789.41M12.28%
2023-06-30$703.09M-0.59%
2023-03-31$707.29M12.33%
2022-12-31$629.63M3.87%
2022-09-30$606.17M12.71%
2022-06-30$537.80M-25.78%
2022-03-31$724.62M-43.13%
2021-12-31$1.27B14.30%
2021-09-30$1.11B-50.06%
2021-06-30$2.23B15.04%
2021-03-31$1.94B-12.24%
2020-12-31$2.21B12.47%
2020-09-30$1.97B19.12%
2020-06-30$1.65B27.18%
2020-03-31$1.30B38.77%
2019-12-31$935.03M67.87%
2019-09-30$556.99M57.49%
2019-06-30$353.68M31.40%
2019-03-31$269.15M47.67%
2018-12-31$182.26M83.65%
2018-09-30$99.24M44.07%
2018-06-30$68.89M46.84%
2018-03-31$46.91M-

Gaotu Techedu generated $946.88M in revenue during Q1 2024, up 24.42% compared to the previous quarter, and up 150.39% compared to the same period a year ago.

Gaotu Techedu Revenue Breakdown

Gaotu Techedu Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 22Dec 21Dec 20Dec 19
Learning Services$2.44B---
Other Revenue$35.31M---
Comprehensive Tutoring Services and Others-$561.11M--
Online K 12 Academic Subject Tutoring Services-$6.00B--
Foreign Language Professional And Admission Courses--$871.86M-
K 12 Courses--$6.24B$1.71B
Online Tutoring Services--$7.11B$2.08B
Service, Other--$15.49M$30.05M
Foreign Language Professional And Interest Education Services---$378.26M
Membership---$282.00K
Offline Business Consulting Courses---$25.86M
Service Other Miscellaneous---$3.91M

Gaotu Techedu's latest annual revenue breakdown by segment (product or service), as of Dec 22: Learning Services (98.57%), and Other Revenue (1.43%).

Gaotu Techedu Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
BEKEKE$77.78B$11.23B
EDUNew Oriental Education & Technology Group$3.00B$1.21B
GOTUGaotu Techedu$2.96B$946.88M
TALTAL Education Group$1.49B$429.56M
RLXRLX$1.24B$65.15M
YQ17 Education & Technology Group$170.96M$25.50M

GOTU Revenue FAQ

What is Gaotu Techedu’s yearly revenue?

Gaotu Techedu's yearly revenue for 2023 was $2.96B, representing an increase of 18.52% compared to 2022. The company's yearly revenue for 2022 was $2.5B, representing a decrease of -61.93% compared to 2021. GOTU's yearly revenue for 2021 was $6.56B, representing a decrease of -7.90% compared to 2020.

What is Gaotu Techedu’s quarterly revenue?

Gaotu Techedu's quarterly revenue for Q1 2024 was $946.88M, a 24.42% increase from the previous quarter (Q4 2023), and a 33.87% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $761.01M, a -3.60% decrease from the previous quarter (Q3 2023), and a 20.87% increase year-over-year (Q4 2022). GOTU's quarterly revenue for Q3 2023 was $789.41M, a 12.28% increase from the previous quarter (Q2 2023), and a 30.23% increase year-over-year (Q3 2022).

What is Gaotu Techedu’s revenue growth rate?

Gaotu Techedu's revenue growth rate for the last 3 years (2021-2023) was -54.88%, and for the last 5 years (2019-2023) was 40.00%.

What are Gaotu Techedu’s revenue streams?

Gaotu Techedu's revenue streams in c 22 are Learning Services, and Other Revenue. Learning Services generated $2.44B in revenue, accounting 98.57% of the company's total revenue Other Revenue generated $35.31M in revenue, accounting 1.43% of the company's total revenue

What is Gaotu Techedu’s main source of revenue?

For the fiscal year ending Dec 22, the largest source of revenue of Gaotu Techedu was Learning Services. This segment made a revenue of $2.44B, representing 98.57% of the company's total revenue.