Shares gained 11.4% as New Oriental reported revenue and operating income growth that outpaced expectations, driven by strong performance in both core education services and its new business initiatives.
- Total net revenue increased 23% year-over-year to $1.53 billion in Q4 FY2026.
- Non-GAAP operating income rose 34.7% to $110 million, with improved operating margins for the quarter and full fiscal year.
- Overseas test prep and study consulting revenues grew modestly by 6% and 1%, respectively, while adults and university student business surged 29% year-over-year.
- New educational initiatives achieved 25% revenue growth, supported by expanding market penetration in 60+ cities and strong contribution from top-tier urban centers.
- Continued investment in the OMO teaching platform ($31.2 million) and rollout of AI-powered personalized learning platform showing early market traction.
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