Q1 2024 Gaotu Techedu Inc Earnings Call Transcript

May 21, 2024 / 12:00PM GMT
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Gaotu Techedu fourth-quarter (sic â first-quarter) and fiscal year 2023 earnings conference call. (Operator Instructions) Please note this event is being recorded. I would now like to turn the conference over to your first speaker today, Ms. Catherine Chen, Head of Investor Relations. Please go ahead, Catherine.

Catherine Chen - Gaotu Techedu Inc - Head of Investor Relations

Thank you, operator. Good evening, everyone. Thank you for joining Gaotu's first-quarter 2024 earnings conference call. My name is Catherine, and I'll help host the earnings call today. Gaotu's earnings release for the quarter was distributed earlier and is available on the company's IR website at ir.gaotu.cn, as well as through PR newswire services.

Joining the call with me tonight from Gaotu's Senior Management is Mr. Larry Chen, Gaotu's Founder, Chairman, and Chief Executive Officer; and Ms. Shannon Shen, Gaotu's Chief Financial Officer. Larry will first provide the business highlights for the quarter, and then

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