Sunlands Technology Group (STG) Reports Q1 EPS of $4.28
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Sunlands Technology Group Announces Unaudited First Quarter 2022 Financial Results
May 31, 2022 6:10 AM EDTQ1 net revenues decreased by 11.7% year-over-yearQ1 gross billings (non-GAAP) decreased by 34.2% year-over-yearQ1 net income reached RMB179.4 million
BEIJING, May 31, 2022 /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 first quarter ended March 31, 2022.
First Quarter 2022 Financial and Operational Snapshots
Net revenues were RMB613.3 million (US$96.7 million), representing an 11.7% decrease year-over-year.Gross billings (non-GAAP) were RMB390.6 million (US$61.6 million), representing a 34.2% decrease... More