New Oriental Sees Growth From K-12 Tutoring Despite Overseas Study Challenges
Four years following the regulatory crackdown on academic tutoring, New Oriental Education & Technology has reshaped its business, achieving record-high revenue in fiscal 2025. Besides the established businesses such as overseas test preparation, overseas study consulting, and high school tutoring, New Oriental has made significant strides in new business areas including nonacademic tutoring, intelligent learning systems and devices, and livestreaming e-commerce. We estimate these new initiatives contributed over 40% of revenue in fiscal 2025.