Sunlands Online Education (STG) Reports Q4 Loss of $2.94, Revenues Beat

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Sunlands Technology Group Announces Unaudited Fourth Quarter and Full Year 2019 Financial Results

March 27, 2020 7:19 AM EDT

Q4 net revenues decreased by 3.4% year-over-yearQ4 gross billings (non-GAAP) decreased by 15.5% year-over-yearQ4 new student enrollments[1] decreased by 22.6% year-over-year

BEIJING, March 27, 2020 /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 ended December 31, 2019.

[1] New student enrollments for a given period refers to the total number of orders... More