New Oriental Education & Technology ( (EDU) ) has released its Q3 earnings. Here is a breakdown of the information New Oriental Education & Technology presented to its investors.
New Oriental Education & Technology Group Inc., a prominent provider of private educational services in China, offers a diverse range of educational programs, services, and products, including test preparation courses and overseas study consulting services. In its latest earnings report for the third fiscal quarter ending February 28, 2025, New Oriental reported a slight decline in total net revenues by 2.0% year-over-year to $1,183.1 million. However, excluding revenues from East Buy private label products and livestreaming business, net revenues increased by 21.2% to $1,038.3 million. The company saw a 9.8% increase in operating income to $124.5 million, while net income attributable to New Oriental rose by 0.1% to $87.3 million. Despite a decrease in total net revenues, New Oriental’s core educational services showed robust growth. The company reported a 21.4% increase in revenues from overseas study consulting and a 17.0% growth in domestic test preparation for adults and university students. Additionally, its new educational business initiatives experienced a 34.5% revenue growth, with non-academic tutoring courses and intelligent learning systems gaining significant traction. Looking ahead, New Oriental remains optimistic about its growth prospects. The company anticipates easing pressure on margins in the upcoming quarters as it implements cost reduction and efficiency enhancement initiatives. With a focus on sustainable long-term development, New Oriental aims to continue leveraging its educational resources to foster growth and profitability.