Candis Chan's questions to TAL Education Group (TAL) leadership • Q3 2025
Question
Candis Chan of Daiwa asked for more detail on the drivers behind the quarter's strong revenue growth, seeking a breakdown by business line. She also requested commentary on the outlook for the following quarters.
Answer
Executive Jackson Ding stated that both the Learning Services and Content Solutions business lines experienced year-over-year growth. The primary growth drivers were the Peiyou enrichment small class programs and the smart learning devices, respectively. Ding noted that while growth in the Peiyou business is expected to continue, the rate may gradually taper off going forward due to higher comparison bases from previous periods.