Sunlands Online Education (STG) Misses Q2 EPS by 16c, Revenues Beat

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Go back to Sunlands Online Education (STG) Misses Q2 EPS by 16c, Revenues Beat

Sunlands Technology Group Announces Unaudited Second Quarter 2019 Financial Results

August 23, 2019 6:40 AM EDT

BEIJING, Aug. 23, 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 second quarter and the first six months ended June 30, 2019.

Second Quarter 2019 Financial and Operational Highlights

Net revenues were RMB552.7 million (US$80.5 million), representing a 14.7% increase year-over-year. Gross billings (non-GAAP) were RMB438.2 million (US$63.8 million), representing a 43.1% decrease year-over-year. Gross profit was RMB457.0 million (US$66.6 million), representing a 16.2% increase... More