Sunlands Technology Group Announces Unaudited Third Quarter 2018 Financial Results
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Sunlands Online Education (STG) Reports Q3 Loss of $4.76, Revenues Beat
November 23, 2018 5:59 AM ESTSunlands Online Education (NYSE: STG) reported Q3 EPS of ($4.76), versus $0.00 reported last year. Revenue for the quarter came in at $75.3 million versus the consensus estimate of $71.06 million.
Net revenues were RMB517.0 million (US$75.3 million), representing a 95.8% increase year-over-year.Gross billings (non-GAAP) were RMB755.8 million (US$110.0 million), representing a 14.0% increase year-over-year.Gross profit was RMB424.4 million (US$61.8 million), representing a 93.5% increase year-over-year.Net loss was RMB226.3 million (US$32.9 million), representing a 12.7% decrease year-over-year. Net loss margin, defined as net loss as a percentage of net revenue, decreased to 43.8% from 98.1% in... More