GSX Techedu Inc. (GSX) Misses Q4 EPS by 1c, Revenue Tops Views
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GSX Announces Fourth Quarter and Fiscal Year 2020 Unaudited Financial Results
March 5, 2021 12:00 AM ESTBEIJING, March 5, 2021 /PRNewswire/ -- GSX Techedu Inc. (NYSE: GSX) ("GSX" or the "Company"), a leading online K-12 large-class after-school tutoring service provider in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2020.
Fourth Quarter 2020 Highlights[1]
Net revenues was RMB2,211.0 million, a 136.5% year-over-year increase.- Net revenues of online K-12 courses increased 155.6% year-over-year to RMB1,975.2 million. Gross billings[2] was RMB3,146.5 million, a 99.3% year-over-year increase. - Gross billings of online K-12 courses increased 109.8% year-over-year to RMB2,923.0 million.... More