TAL Education Group (NYSE:TAL) Q2 2025 Earnings Conference Call October 24, 2024 8:00 AM ET

Company Participants

Alex Peng – President and Chief Financial Officer
Jackson Ding – Deputy Chief Financial Officer

Conference Call Participants

Felix Liu – UBS
DS Kim – J. P. Morgan
Timothy Zhao – Goldman Sachs
Alice Cai – Citi
Liping ZHAO – CICC

Operator

Ladies and gentlemen, good day and thank you for standing by. Welcome to TAL Education Group's Fiscal 2025 Second Quarter Earnings Conference Call. At this time, all participants are in listen-only mode. [Operator Instructions] Please be informed that today's conference is being recorded.

I'd now like to hand the conference over to Ms. Fang Liu [ph], Investor Relations Director. Thank you. Please go ahead.

Unidentified Company Representative

Thank you all for joining us today for TAL Education Group's second quarter fiscal year 2025 earnings conference call. The earnings release was distributed earlier today and you may find a copy on the company's IR website or through the newswires.

During this call, you will hear from Mr. Alex Peng, President and Chief Financial Officer; and Mr. Jackson Ding, Deputy Chief Financial Officer. Following the prepared remarks, Mr. Peng and Mr. Ding will be available to answer your questions.

Before we continue, please note that today's discussion will contain forward-looking statements made under the Safe Harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from our current expectations. Potential risks and uncertainties include, but are not limited to, those outlined in our public filings with the SEC. For more information about these risks and uncertainties, please refer to our filings with the SEC.

Also, our earnings release and this call include discussions of certain non-GAAP financial measures. Please refer to our earnings release, which contains a reconciliation of the non-GAAP measures to the most directly comparable GAAP measures.

I would like to turn the call over to Ms. Alex Peng. Alex, please go ahead.

Alex Peng

Thank you, Fang. I’d also like to thank all of you for participating in today's conference call. In this call, we'll discuss our financial performance and business progress for the second quarter of fiscal year 2025. We will also review some key business results. Afterwards, I'll provide a brief update on our business strategy outlook.

In the past fiscal quarter, we consistently refined our services and experiences for users, generating societal value through our dedication to customer experience. At the same time, our business is experiencing sustained growth not just by building our teams or opening new learning centers, but through a broader, ongoing development that reflects our long-term vision. Our focus on innovation, user engagement, and service excellence has resulted in sustained user value creation through our various products and services. In alignment with our strategic objectives, our core businesses have maintained their course of operations.