New Oriental Education & Technology Group Inc. (NYSE:EDU) Q3 2024 Earnings Conference Call April 24, 2024 8:00 AM ET

Company Participants

Sisi Zhao - IR
Stephen Yang - Executive President and CFO

Conference Call Participants

Felix Liu - UBS
Yiwen Zhang - China Renaissance
Lucy Yu - Bank of America
Tian Hou - T.H. Capital
Timothy Zhao - Goldman Sachs
Chongguang - CITIC
DS Kim - JPMorgan

Operator

Good evening and thank you for standing-by for New Oriental's FY 2024 Third Quarter Results Earnings Conference Call. At this time, all participants are in listen-only mode. After management's prepared remarks, there will be question-and-answer session. Today's conference is being recorded. If you have any objections, you may disconnect at this time.

I'd now like to turn the meeting over to your host for today's conference, Ms. Sisi Zhao.

Sisi Zhao

Thank you. Hello everyone, and welcome to New Oriental's third fiscal quarter 2024 earnings conference call. Our financial results for the period were released earlier today and are available on the company's website as well as on Newswire services.

Today, Stephen Yang, Executive President and Chief Financial Officer, and I will share New Oriental's latest earnings results and business updates in detail with you. After that, Stephen and I will be available to answer your questions.

Before we continue, please note that the discussion today will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, our results may be materially different from the views expressed today. A number of potential risks and uncertainties are outlined in our public filings with the SEC. New Oriental does not undertake any obligation to update any forward-looking statements except as required under applicable law.

As a reminder, this conference is being recorded. In addition, a webcast of this conference call will be available on New Oriental's investor relations website at investor.neworiental.org.

I'll now first turn the call over to Mr. Yang. Stephen, please go ahead.

Stephen Yang

Thank you, Sisi. Hello everyone, and thank you for joining us on the call.

We're pleased to announce that New Oriental has achieved robust growth this quarter that have surpassed our expectations. The remarkable top line performance this quarter has spoken volumes about sustained recovery across our diverse business lines, while steady expansion of our new business made healthy contributions to the company's revenue, invigorating our portfolio of innovative endeavors.