STG - Sunlands Technology GAAP EPS of $3.79 revenue of $82.5M

2023-05-25 05:01:24 ET

• Sunlands Technology press release ( NYSE: STG ): Q1 GAAP EPS of $3.79.
• Revenue of $82.5M (-7.6% Y/Y)
• Gross billings (non-GAAP) were RMB345.1 million (US$50.2 million), representing a 11.7% decrease year-over-year.
• Gross profit was RMB498.7 million (US$72.6 million), representing a 3.5% decrease year-over-year.
• Net income was RMB180.1 million (US$26.2 million), as compared to RMB179.4 million in the first quarter of 2022.
• Net income margin, defined as net income as a percentage of net revenues, increased to 31.8% from 29.3% in the first quarter of 2022.
• New student enrollments ¹ were 143,179, representing a 22.2% increase year-over-year.

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