STG - Sunlands Technology reports Q4 earnings; initiates Q1 outlook

March, 24 2023 04:09 AM Sunlands Online Education Group American Depositary Shares representing Class A

2023-03-24 04:09:40 ET

Sunlands Technology press release ( NYSE: STG ): Q4 GAAP EPS of $3.77.
Revenue of $83.9M (-1.7% Y/Y).
Gross billings were $53.8M, representing a 23.3% decrease Y/Y.
Gross profit was $73.0M, representing a 0.8% increase Y/Y.
New student enrollments were 161,348, representing a 48.2% increase Y/Y.
As of December 31, 2022, the Company's deferred revenue balance was $245.2M.
Outlook: For the first quarter of 2023, Sunlands currently expects net revenues to be between RMB530 million to RMB550 million, which would represent a decrease of 10.3% to 13.6% year-over-year.

For further details see:

Company Name:	Sunlands Online Education Group American Depositary Shares representing Class A
Stock Symbol:	STG
Market:	NYSE
Website:	sunlands.com