New Oriental Reports Revenue Growth as Education Strategy Gains Traction

The company’s quarterly performance marks a significant turnaround, shifting from an operating loss of US$8.7 million in the same period last year to an operating income of US$85.8 million. Executive Chairman Michael Yu attributed the gains to the expansion of non-academic tutoring courses across 60 cities and a steady rise in active users for its intelligent learning hardware.

Beyond core education, the company’s livestreaming arm, East Buy, continued its diversification strategy. By launching 11 new vertical accounts on Douyin, the platform expanded its reach into fresh produce and nutrition. Management noted that while internal management restructuring introduced one-time costs, operational efficiency improvements and higher utilization rates allowed the company to expand its non-GAAP operating margin to 7.2%. Looking ahead to fiscal year 2027, New Oriental anticipates continued growth, projecting a revenue increase between 14% and 18% as it scales its membership operations and private label offerings.