Revenue Growth in Core Educational Business
Despite an overall revenue decrease of 2%, the net revenue excluding Eastbuy increased by 21.2% year over year, driven by new ventures.
Strong Performance in Integrated Tourism-Related Business
The integrated tourism-related business recorded an exceptional revenue increase of 85% year over year for the quarter.
Investment in AI-Powered Education Solutions
New Oriental invested $29.7 million in AI integration for education solutions, enhancing student outcomes and operational efficiency.
Share Repurchase Program
The share repurchase program was extended and increased to $700 million, with $695.5 million already repurchased.
Steady Growth Across Various Business Lines
The overseas study consulting business increased by 21%, and the adults and university students business increased by 17% year over year.