Gaotu Techedu Inc. (NYSE:GOTU) Q1 2023 Earnings Conference Call May 30, 2023 8:00 AM ET
Company Participants
Sherry Liu - IR Manager
Larry Chen - Founder, Chairman and Chief Executive Officer
Shannon Shen - Chief Financial Officer
Conference Call Participants
Crystal Lee - CMS
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Gaotu Techedu First Quarter 2023 Earnings Conference Call. After today's presentation, there will be an opportunity to ask questions. Please note, today's event is being recorded.
I would now like to turn the conference over to your first speaker today Ms. Sherry Liu, IR Manager of Gaotu. Please go ahead, Sherry.
Sherry Liu
Thank you, operator. Good evening, everyone. Thank you for joining Gaotu's first quarter 2023 earnings conference call.
Gaotu's earnings release for the quarter was published earlier today and is available on the company's IR website at ir.gaotu.cn.
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 business highlights for the quarter, and then afterwards, Shannon will discuss our financial performance in more detail. Following their prepared remarks, Larry and Shannon will be available for the Q&A session.
Before we begin, I would like to remind you that this conference call will contain forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon management's current beliefs and expectations as well as the current market and operating conditions, and they involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the company's control and may cause the company's actual results, performance or achievements to differ materially from those contained in any forward-looking statements. Further information regarding these and other risks is included in the company's public filings with the U.S. SEC. The company does not undertake any obligation to update any forward-looking statements, except as required under applicable law.
During today's call, management will also discuss certain non-GAAP measures for comparison purposes only. For a definition of non-GAAP financial measures and reconciliations of GAAP to non-GAAP financial results, please refer to our first quarter earnings release published earlier today.
As a reminder, this conference is being recorded. In addition, a live and archived webcast of this conference call will be available on Gaotu's IR website.