Byju’s has told investors that it will file its 2022 earnings by September. The company has been facing increasing scrutiny from investors in recent months, as its valuation has fallen sharply.
In April, BlackRock, a major shareholder in Byju’s, slashed the company’s valuation from $22 billion to $8.4 billion. The filing of Byju’s 2022 earnings will be closely watched by investors.
The company is expected to report strong revenue growth, but it is also likely to report losses. Byju’s has been spending heavily on marketing and acquisitions, and its margins have been squeezed.
The filing of Byju’s earnings will also be a test of the company’s credibility. The company has been accused of misleading investors about its financial performance. In April, the Securities and Exchange Board of India (SEBI) ordered Byju’s to investigate allegations that it had inflated its revenue.
Byju’s has denied the allegations, and it has said that it is cooperating with the SEBI investigation. The filing of the company’s earnings will be an opportunity for Byju’s to address the concerns of investors and to demonstrate that it is a transparent and accountable company.
It will be interesting to see how Byju’s performs in the coming months. The company is facing a number of challenges, but it also has a large and growing user base. If Byju’s can improve its financial performance, it could still be a successful company in the long term.
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