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STG - Sunlands Technology GAAP EPS of $3.59 revenue of $92.4M
Sunlands Online Education Group American Depositary Shares representing Class A
Sunlands Technology press release (NYSE:STG): Q4 GAAP EPS of $3.59. Revenue of $92.4M (+0.7% Y/Y). Q4 gross billings were $75.9M decreased by 25.3% Y/Y. Net income/loss margin increased to 25.6% from -12.6% in the fourth quarter of 2020. New student enrollments were 108,836, representing a 22.7% decrease Y/Y. As of December 31, 2021, the Company's deferred revenue balance was $368.5M. For the first quarter of 2022, Sunlands currently expects net revenues to be between RMB590 million to RMB610 million, which would represent a decrease of 15.0% to 12.1% year-over-year.