East Buy Holding Limited 1797

New Oriental Education & Technology Group (NYSE:EDU) reported fiscal 2026 third-quarter results that management said exceeded expectations again, driven by continued growth in its core education businesses, margin expansion, and profit contributions from East Buy. Stephen Zhihui Yang, executive

Stephen Yang: Thank you, Sisi. At the same time, New Oriental's bottom-line performance for our core educational business has also achieved healthy yields. Operating margin wise, we have excluded operating margins generated from East Buy for this quarter for a better reflection of the performance of New Oriental's core educational business.

Zhihui Yang: Thank you, Sisi. This quarter's total net revenue, excluding revenues generated from East Buy private label product and live streaming business increased by 18.7% year-over-year, mainly contributed by the continued expansion of our new ventures. Bottom line-wise, we're delighted to see that our efforts to reduce cost and improved efficiency have proven effective with non-GAAP operating margin, again, excluding operating margin generated from East Buy reached 6.5% this quarter, representing a year-over- year improvement of 410 basis points.

New Oriental Education & Technology Group (NYSE:EDU) reported fiscal 2026 second-quarter results that management described as strong, citing faster profit growth, improving margins, and traction from newer initiatives alongside steady performance in its core education business. Quarterly result

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