Sunlands Online Education (STG) Misses Q4 Revenue Estimates

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Go back to Sunlands Online Education (STG) Misses Q4 Revenue Estimates

Sunlands Technology Group Announces Unaudited Fourth Quarter and Full Year 2018 Financial Results

March 22, 2019 6:30 AM EDT

2018 full year net revenues increased by 103.5% year-over-year2018 full year gross billings (non-GAAP) increased by 35.0% year-over-year2018 full year new student enrollments[1] increased by 35.6% year-over-year

BEIJING, March 22, 2019 /PRNewswire/ -- Sunlands Technology Group (NYSE: STG) ("Sunlands" or the "Company"), a leader in China's online post-secondary and professional education, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2018.

Fourth Quarter 2018 Financial and Operational Highlights

Net revenues were RMB568.8 million (US$82.7 million), representing a 65.0% increase year-over-year. Gross billings (non-GAAP) were... More