TAL Education Group Announces Unaudited Financial Results for the Third Fiscal Quarter Ended November 30, 2024

TAL Education Group (NYSE: TAL) (“TAL” or the “Company”), a smart learning solutions provider in China, today announced its unaudited financial results for the third quarter of fiscal year 2025 ended November 30, 2024.

Highlights for the Third Quarter of Fiscal Year 2025

— Net revenues wereUS$606.4 million, compared to net revenues of US$373.5 million in the same period of the prior year.

— Loss from operations was US$17.4 million, compared to loss from operations of US$32.2 million in the same period of the prior year.

— Non-GAAP lossfrom operations,which excluded share-based compensation expenses, was US$1.9million, compared tonon-GAAP loss from operationsof US$10.2 million in the same period of the prior year.

— Net income attributable to TAL was US$23.1 million, compared to net loss attributable to TAL of US$23.9million in the same period of the prior year.

— Non-GAAP net income attributable to TAL,which excluded share-based compensation expenses, was US$38.6 million, compared tonon-GAAP net loss attributable to TAL of US$1.9million in the same period of the prior year.

— Basic and diluted net incomeper American Depositary Share (“ADS”) wereboth US$0.04.Non-GAAP basic and dilutednet income per ADS, which excluded share-based compensation expenses, were both US$0.06.Three ADSs represent one Class A common share.

— Cash, cash equivalents and short-term investments totaled US$3,835.8 million as of November 30, 2024, compared to US$3,303.3 million as of February 29, 2024.

Highlights for the Nine Months Ended November 30, 2024

— Net revenues wereUS$1,640.0 million, compared to net revenues of US$1,060.9million in the same period of the prior year.

— Income from operations was US$12.9 million, compared to loss from operations of US$58.2 million in the same period of the prior year.

— Non-GAAP income from operations, which excluded share-based compensation expenses, was US$63.5 million, compared to non-GAAP incomefrom operations of US$10.2 million in the same period of the prior year.

— Net income attributable to TAL was US$91.9 million, compared to net loss attributable to TAL of US$31.1 million in the same period of the prior year.

— Non-GAAP net incomeattributable to TAL, which excluded share-based compensation expenses, was US$142.5 million, compared to non-GAAP net incomeattributable to TAL of US$37.3 million in the same period of the prior year.

— Basic and diluted net income per ADS were both US$0.15. Non-GAAP basic net income per ADS, which excluded share-based compensation expenses, was US$0.24, and Non-GAAP diluted net income per ADS, which excluded share-based compensation expenses, was US$0.23.

Financial Data–Third Quarter and First NineMonths of Fiscal Year 2025 (In US$ thousands, except per ADS data and percentages)

Three Months Ended November 30, 2023 2024 Pct. ChangeNet revenues 373,506 606,446 62.4%Loss from operations (32,185) (17,432) (45.8%)Non-GAAP loss from operations (10,184) (1,920) (81.1%)Net (loss)/income attributable to TAL (23,946) 23,069 (196.3%)Non-GAAP net (loss)/income attributable to TAL (1,945) 38,581 (2,083.6%)Net (loss)/income per ADS attributable to TAL – (0.04) 0.04 (195.5%)basicNet (loss)/income per ADS attributable to TAL – (0.04) 0.04 (194.1%)dilutedNon-GAAP net (loss)/income per ADS attributable (0.00) 0.06 (2,066.2%)to TAL – basicNon-GAAP net (loss)/income per ADS attributable (0.00) 0.06 (2,037.0%)to TAL – diluted Nine Months Ended November 30, 2023 2024 Pct. ChangeNet revenues 1,060,877 1,639,994 54.6%(Loss)/income from operations (58,168) 12,860 (122.1%)Non-GAAP income from operations 10,229 63,476 520.5%Net (loss)/income attributable to TAL (31,081) 91,902 (395.7%)Non-GAAP net income attributable to TAL 37,316 142,518 281.9%Net (loss)/income per ADS attributable to TAL – (0.05) 0.15 (399.0%)basicNet (loss)/income per ADS attributable to TAL – (0.05) 0.15 (394.1%)dilutedNon-GAAP net income per ADS attributable to 0.06 0.24 286.2%TAL – basicNon-GAAP net income per ADS attributable to 0.06 0.23 286.3%TAL – diluted

“We achieved healthy year-on-year revenue growth this quarter. Our AI learning devices remained one of our faster-growing business lines and received encouraging user feedback and market recognition,” said Alex Peng, TAL's President & Chief Financial Officer.

“We will continue to enhance our products' capabilities and adaptability across learning services and content solutions. As always, we are committed to helping more users discover learning solutions that meet their unique needs while also contributing positively to society.”

Financial Results for the Third Quarter of Fiscal Year 2025

Net Revenues

In the third quarter of fiscal year 2025,TAL reported net revenues of US$606.4 million, representing a 62.4% increase from US$373.5 million in the third quarter of fiscal year 2024.

Operating Costs and Expenses

In the third quarter of fiscal year 2025, operating costs and expenses were US$624.7 million, representing a 53.9% increase from US$405.8 million in the third quarter of fiscal year 2024. Non-GAAP operating costs and expenses, which excluded share-based compensation expenses, were US$609.2 million, representing a 58.7% increase from US$383.8 million in the third quarter of fiscal year 2024.

Cost of revenues increased by 65.5% to US$286.7 million from US$173.2 million in the third quarter of fiscal year 2024. Non-GAAP cost of revenues, which excluded share-based compensation expenses, increased by 67.2% to US$285.4 million, from US$170.7 million in the third quarter of fiscal year 2024.

Selling and marketing expenses increased by 85.6% to US$226.4 million from US$122.0 million in the third quarter of fiscal year 2024. Non-GAAP selling and marketing expenses, which excluded share-based compensation expenses, increased by 91.0% to US$222.4 million, from US$116.4 million in the third quarter of fiscal year 2024.

General and administrative expenses increased by 0.8% to US$111.5 million from US$110.7 million in the third quarter of fiscal year 2024. Non-GAAP general and administrative expenses, which excluded share-based compensation expenses, increased by 4.8% to US$101.4 million, from US$96.7 million in the third quarter of fiscal year 2024.

Total share-based compensation expenses allocated to the related operating costs and expenses decreased by 29.5% to US$15.5 million in the third quarter of fiscal year 2025 from US$22.0 million in the same period of fiscal year 2024.

Gross Profit

Gross profit increased by 59.6% to US$319.8 million from US$200.3 million in the third quarter of fiscal year 2024.

(Loss)/Income from Operations

Loss from operations was US$17.4 million in the third quarter of fiscal year 2025, compared to loss from operations of US$32.2 million in the third quarter of fiscal year 2024. Non-GAAP loss from operations, which excluded share-based compensation expenses, was US$1.9 million, compared to Non-GAAP loss from operations of US$10.2 million in the same period of the prior year.

Other Income, Net

Other income was US$18.2 million for the third quarter of fiscal year 2025, compared to other income of US$13.3 million in the third quarter of fiscal year 2024.

Impairment Loss on Long-term Investments

Impairment loss on long-term investments was nil for the third quarter of fiscal year 2025, compared to US$2.3 million for the third quarter of fiscal year 2024.

Income Tax (Expense)/Benefit

Income tax benefit was US$3.6 million in the third quarter of fiscal year 2025, compared to US$15.4 million of income tax expense in the third quarter of fiscal year 2024.

Net (Loss)/Income attributable to TAL Education Group

Net income attributable toTAL was US$23.1 million in the third quarter of fiscal year 2025, compared to net loss attributable to TAL of US$23.9 million in the third quarter of fiscal year 2024. Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, was US$38.6 million, compared to Non-GAAP net loss attributable to TAL of US$1.9 million in the third quarter of fiscal year 2024.

Basic and Diluted Net (Loss)/Income per ADS

Basic and diluted net income per ADS were both US$0.04 in the third quarter of fiscal year 2025. Non-GAAP basic and diluted net income per ADS, which excluded share-based compensation expenses, were both US$0.06 in the third quarter of fiscal year 2025.

Cash Flow

Net cash provided by operating activities for the third quarter of fiscal year 2025 was US$378.0 million.

Cash, Cash Equivalents, and Short-Term Investments

As of November 30, 2024, the Company had US$2,240.8 million of cash and cash equivalents and US$1,595.0 million of short-term investments, compared to US$2,208.7 million of cash and cash equivalents and US$1,094.6 million of short-term investments as of February 29, 2024.

Deferred Revenue

As of November 30, 2024, the Company's deferred revenue balance was US$825.6 million, compared to US$428.3 million as of February 29, 2024.

Financial Results for the First Nine Months of Fiscal Year 2025

Net Revenues

For the first nine months of fiscal year 2025,TAL reported net revenues ofUS$1,640.0 million, representing a 54.6% increase fromUS$1,060.9 millionin the first nine months of fiscal year 2024.

Operating Costs and Expenses

In the first nine months of fiscal year 2025, operating costs and expenses were US$1,628.8 million, representing a 44.1% increase from US$1,130.7 million in the first nine months of fiscal year 2024. Non-GAAP operating costs and expenses, which excluded share-based compensation expenses, were US$1,578.2 million, representing a 48.6% increase from US$1,062.3 million in the first nine months of fiscal year 2024.

Cost of revenues increased by 57.1% toUS$757.3 millionfromUS$482.1 millionin the first nine months of fiscal year 2024. Non-GAAP cost of revenues, which excluded share-based compensation expenses, increased by 58.3% toUS$751.9 millionfromUS$475.1 millionin the first nine months of fiscal year 2024.

Selling and marketing expenses increased by 58.0% toUS$530.8 millionfromUS$335.9 millionin the first nine months of fiscal year 2024. Non-GAAP selling and marketing expenses, which excluded share-based compensation expenses, increased by 63.6% toUS$518.4 millionfromUS$316.8 millionin the first nine months of fiscal year 2024.

General and administrative expenses increased by 9.0% toUS$340.7 million from US$312.7 millionin the first nine months of fiscal year 2024. Non-GAAP general and administrative expenses, which excluded share-based compensation expenses, increased by 13.9% toUS$307.9 millionfromUS$270.4 millionin the first nine months of fiscal year 2024.

Total share-based compensation expenses allocated to the related operating costs and expenses decreased by 26.0% toUS$50.6 millionin the first nine months of fiscal year 2025 fromUS$68.4 millionin the same period of fiscal year 2024.

Gross Profit

Gross profit increased by 52.5% to US$882.7 million from US$578.8 million in the first nine months of fiscal year 2024.

(Loss)/Income from Operations

Income from operations was US$12.9 million in the first nine months of fiscal year 2025, compared to loss from operations of US$58.2 million in the same period of the prior year. Non-GAAP income from operations, which excluded share-based compensation expenses, was US$63.5 million, compared to US$10.2 million Non-GAAP income from operations in the same period of the prior year.

Other Income, Net

Other income was US$51.8 million for the first nine months of fiscal year 2025, compared to other income of US$11.5 million in the same period of the prior year.

Impairment Loss on Long-term Investments

Impairment loss on long-term investments was US$8.7 million for the first nine months of fiscal year 2025, compared to US$33.0 million for the first nine months of fiscal year 2024.

Income Tax (Expense)/Benefit

Income tax expense was US$24.3 million in the first nine months of fiscal year 2025, compared to US$8.9 million of income tax expense in the first nine months of fiscal year 2024.

Net (Loss)/Income Attributable toTAL Education Group

Net income attributable toTAL wasUS$91.9 millionin the first nine months of fiscal year 2025, compared to net loss attributable to TAL ofUS$31.1 millionin the first nine months of fiscal year 2024. Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, was US$142.5 million,compared toUS$37.3 million Non-GAAP net income attributable to TALin the same period of the prior year.

Cash Flow

Net cash provided by operating activities for the first nine months of fiscal year 2025 was US$624.3 million.

Basic and Diluted Net (Loss)/Income per ADS

Basic and diluted net income per ADS were both US$0.15 in the first nine months of fiscal year 2025. Non-GAAP basic net income per ADS, which excluded share-based compensation expenses, was US$0.24, and Non-GAAP diluted net income per ADS, which excluded share-based compensation expenses, was US$0.23 in the first nine months of fiscal year 2025.

Conference Call

The Company will host a conference call and live webcast to discuss its financial results for the third fiscal quarter of fiscal year 2025 ended November 30, 2024 at 7:00 a.m. Eastern Time on January 23, 2025 (8:00 p.m. Beijing time on January 23, 2025).

Please note that you will need to pre-register for conference call participation at https://register.vevent.com/register/BI252a8b58f53a47cebdf55358dda997b1.

Upon registration, you will receive an email containing participant dial-in numbers and unique Direct Event Passcode. This information will allow you to gain immediate access to the call. Participants may pre-register at any time, including up to and after the call start time.

A live and archived webcast of the conference call will be available on the Investor Relations section of TAL's website at https://ir.100tal.com/.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things,TAL Education Group's strategic and operational plans contain forward-looking statements. The Company may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's ability to continue to provide competitive learning services and products; the Company's ability to continue to recruit, train and retain talents; the Company's ability to improve the content of current course offerings and develop new courses; the Company's ability to maintain and enhance its brand; the Company's ability to maintain and continue to improve its teaching results; and the Company's ability to compete effectively against its competitors. Further information regarding these and other risks is included in the Company's reports filed with, or furnished to the U.S. Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and TAL Education Group undertakes no duty to update such information or any forward-looking statement, except as required under applicable law.

About TAL Education Group

TAL Education Groupis a smart learning solutions provider in China. The acronym “TAL” stands for “Tomorrow Advancing Life”, which reflects our vision to promote top learning opportunities for students through both high-quality teaching and content, as well as leading edge application of technology in the education experience.TAL Education Groupoffers comprehensive learning solutions to students from all ages through diversified class formats. Our learning solutions mainly cover enrichment learnings programs and some academic subjects in and out of China. Our ADSs trade on theNew York Stock Exchangeunder the symbol “TAL”.

About Non-GAAP Financial Measures

In evaluating its business,TAL considers and uses the following measures defined as non-GAAP financial measures by the SEC as supplemental metrics to review and assess its operating performance: non-GAAP operating costs and expenses, non-GAAP cost of revenues, non-GAAP selling and marketing expenses, non-GAAP general and administrative expenses, non-GAAP income/(loss) from operations, non-GAAP net income/(loss) attributable to TAL, non-GAAP basic and non-GAAP diluted net income/(loss) per ADS. To present each of these non-GAAP measures, the Company excludes share-based compensation expenses. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the table captioned “Reconciliations of non-GAAP measures to the most comparable GAAP measures” set forth at the end of this release.

TAL believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding share-based expenses that may not be indicative of its operating performance from a cash perspective. TAL believes that both management and investors benefit from these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management's internal comparisons to TAL's historical performance and liquidity. TAL computes its non-GAAP financial measures using the same consistent method from quarter to quarter and from period to period. TAL believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using non-GAAP measures is that these non-GAAP measures exclude share-based compensation charges that have been and will continue to be for the foreseeable future a significant recurring expense in the Company's business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables have more details on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures.

For further information, please contact:

Jackson Ding Investor Relations TAL Education Group Tel: +86 10 5292 6669-8809 Email: ir@tal.com

TAL EDUCATION GROUPUNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(In thousands of U.S. dollars) As of As of February 29, November 30, 2024 2024ASSETSCurrent assetsCash and cash equivalents $ 2,208,756 $ 2,240,827Restricted cash-current 167,656 306,549Short-term investments 1,094,593 1,595,027Inventory 68,328 98,021Amounts due from related parties-current 343 387Prepaid expenses and other current assets 159,498 207,943Total current assets 3,699,174 4,448,754Restricted cash-non-current 81,064 41,078Property and equipment, net 405,319 460,566Deferred tax assets 4,620 5,165Rental deposits 16,947 20,669Intangible assets, net 1,988 964Land use right, net 189,049 184,937Amounts due from related parties-non-current 59 59Long-term investments 284,266 276,254Long-term prepayments and other non-current assets 14,359 28,055Operating lease right-of-use assets 231,104 322,563Total assets $ 4,927,949 $ 5,789,064LIABILITIES AND EQUITYCurrent liabilitiesAccounts payable $ 127,321 $ 189,271Deferred revenue-current 400,286 780,909Amounts due to related parties-current 96 107Accrued expenses and other current liabilities 491,911 625,274Short-term debt – 55,231Operating lease liabilities, current portion 62,604 82,513Total current liabilities 1,082,218 1,733,305Deferred revenue-non-current 27,993 44,710Deferred tax liabilities 2,360 4,040Operating lease liabilities, non-current portion 176,614 243,346Total liabilities 1,289,185 2,025,401EquityClass A common shares 152 154Class B common shares 49 49Additional paid-in capital 4,256,957 4,280,212Statutory reserve 165,138 164,370Accumulated deficit (694,270) (601,600)Accumulated other comprehensive loss (65,928) (70,493)Total TAL Education Group's equity 3,662,098 3,772,692Noncontrolling interests (23,334) (9,029)Total equity 3,638,764 3,763,663Total liabilities and equity $ 4,927,949 $ 5,789,064TAL EDUCATION GROUPUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands of U.S. dollars, except share, ADS, per share and per ADS data) For the Three Months Ended For the Nine Months Ended November 30, November 30, 2023 2024 2023 2024Net revenues $ 373,506 $ 606,446 $ 1,060,877 $ 1,639,994Cost of revenues (note 1) 173,180 286,689 482,075 757,329Gross profit 200,326 319,757 578,802 882,665Operating expenses (note 1)Selling and marketing 121,977 226,441 335,902 530,769General and administrative 110,678 111,537 312,707 340,718Total operating expenses 232,655 337,978 648,609 871,487Government subsidies 144 789 11,639 1,682(Loss)/income from operations (32,185) (17,432) (58,168) 12,860Interest income, net 20,076 21,491 64,033 64,410Other income, net 13,324 18,150 11,511 51,767Impairment loss on long-term (2,270) – (33,031) (8,692)investments(Loss)/income before income tax (1,055) 22,209 (15,655) 120,345(expense)/benefit and loss fromequity method investmentsIncome tax (expense)/benefit (15,374) 3,582 (8,875) (24,348)Loss from equity method (7,644) (2,765) (6,936) (4,337)investmentsNet (loss)/income (24,073) 23,026 (31,466) 91,660Add: Net loss attributable to 127 43 385 242noncontrolling interestsTotal net(loss)/income $ (23,946) $ 23,069 $ (31,081) $ 91,902attributable to TALEducation GroupNet (loss)/incomeper commonshareBasic $ (0.12) $ 0.11 $ (0.15) $ 0.46Diluted (0.12) 0.11 (0.15) 0.45Net(loss)/incomeper ADS (note2)Basic $ (0.04) $ 0.04 $ (0.05) $ 0.15Diluted (0.04) 0.04 (0.05) 0.15Weighted average shares used incalculating net (loss)/incomeper common shareBasic 200,134,875 201,905,486 204,020,823 201,746,602Diluted 200,134,875 204,949,612 204,020,823 205,093,389Note1: Share-based compensation expenses are included in the operating costs and expenses as follows: For the Three Months For the NineMonths Ended November 30, Ended November 30, 2023 2024 2023 2024Cost of revenues $ 2,499 $ 1,271 $ 6,989 $ 5,426Selling and marketing expenses 5,558 4,082 19,120 12,410General and administrative expenses 13,944 10,159 42,288 32,780Total $ 22,001 $ 15,512 $ 68,397 $ 50,616Note 2: Three ADSs represent one Class A common Share.TAL EDUCATION GROUPUNAUDITED CONDENSED CONSOLIDATEDSTATEMENTS OFCOMPREHENSIVE (LOSS)/INCOME(In thousands of U.S. dollars) For the Three Months Ended For the Nine Months Ended November 30, November 30, 2023 2024 2023 2024Net (loss)/income $ (24,073) $ 23,026 $ (31,466) $ 91,660Other comprehensive income/ 18,356 (21,512) (26,239) (4,348)(loss), net of taxComprehensive(loss)/income (5,717) 1,514 (57,705) 87,312Add: Comprehensive 557 (2,308) (356) 25loss/(income) attributable tononcontrolling interestsComprehensive (loss)/income $ (5,160) $ (794) $ (58,061) $ 87,337attributable to TALEducation GroupTAL EDUCATION GROUPUNAUDITED CONDENSED CONSOLIDATEDSTATEMENTS OFCASH FLOWS(In thousands of U.S. dollars) For the Three Months Ended For the Nine Months Ended November 30, November 30, 2023 2024 2023 2024Net cash provided by operating $ 247,123 $ 378,038 $ 329,918 $ 624,255activitiesNet cash (used in)/provided by (208,847) (214,435) 133,955 (532,739)investing activitiesNet cash provided by/(used in) 207 48,731 (233,301) 41,937financing activitiesEffect of exchange rate 6,805 (4,834) (3,111) (2,475)changesNet increase in cash, cash 45,288 207,500 227,461 130,978equivalents and restrictedcashCash, cash equivalents and 2,477,080 2,380,954 2,294,907 2,457,476restricted cash at thebeginning of periodCash, cash equivalents and $ 2,522,368 $ 2,588,454 $ 2,522,368 $ 2,588,454restricted cash at the endof periodTAL EDUCATION GROUPReconciliation of Non-GAAP Measures to the Most Comparable GAAP Measures(In thousands of U.S. dollars, except share, ADS, per share and per ADS data) For the Three Months For the Nine Months Ended November 30, Ended November 30, 2023 2024 2023 2024Cost of revenues $ 173,180 $ 286,689 $ 482,075 $ 757,329Share-based compensation expense in 2,499 1,271 6,989 5,426cost of revenuesNon-GAAP cost of revenues 170,681 285,418 475,086 751,903Selling and marketing expenses 121,977 226,441 335,902 530,769Share-based compensation expense in 5,558 4,082 19,120 12,410selling and marketing expensesNon-GAAP selling and marketing 116,419 222,359 316,782 518,359expensesGeneral and administrative expenses 110,678 111,537 312,707 340,718Share-based compensation expense in 13,944 10,159 42,288 32,780general and administrative expensesNon-GAAP general and 96,734 101,378 270,419 307,938administrative expensesOperating costs and expenses 405,835 624,667 1,130,684 1,628,816Share-based compensation expense in 22,001 15,512 68,397 50,616operating costs and expensesNon-GAAP operating costs and 383,834 609,155 1,062,287 1,578,200expenses(Loss)/income from operations (32,185) (17,432) (58,168) 12,860Share based compensation expenses 22,001 15,512 68,397 50,616Non-GAAP (loss)/income from (10,184) (1,920) 10,229 63,476operationsNet (loss)/income attributable to (23,946) 23,069 (31,081) 91,902TAL Education GroupShare based compensation expenses 22,001 15,512 68,397 50,616Non-GAAP net (loss)/income $ (1,945) $ 38,581 $ 37,316 $ 142,518attributable to TAL EducationGroup (note 3)Net (loss)/income per ADSBasic $ (0.04) $ 0.04 $ (0.05) $ 0.15Diluted (0.04) 0.04 (0.05) 0.15Non-GAAP net (loss)/income per ADSBasic $ (0.00) $ 0.06 $ 0.06 $ 0.24Diluted (0.00) 0.06 0.06 0.23ADSs used in calculating net (loss)/income per ADSBasic 600,404,625 605,716,458 612,062,469 605,239,806Diluted 600,404,625 614,848,836 612,062,469 615,280,167ADSs used in calculating Non-GAAP net (loss)/income per ADSBasic 600,404,625 605,716,458 612,062,469 605,239,806Diluted 600,404,625 614,848,836 622,332,267 615,280,167Note 3: The tax effect of share-based compensation expenses was immaterial in the third quarter and in the first nine months of fiscal year 2025.

https://c212.net/c/img/favicon.png?sn=CN02760&sd=2025-01-23

View original content:https://www.prnewswire.com/news-releases/tal-education-group-announces-unaudited-financial-results-for-the-third-fiscal-quarter-ended-november-30-2024-302358389.html

SOURCE TAL Education Group

https://rt.newswire.ca/rt.gif?NewsItemId=CN02760&Transmission_Id=202501230400PR_NEWS_USPR_____CN02760&DateId=20250123