TEDU - Tarena reports Q2 earnings; sees Q3 revenues in the range of RMB620M-RMB650M

• Tarena press release ( NASDAQ: TEDU ): Q2 GAAP EPADS of $0.64.
• Revenue of $96.9M (+11.4% Y/Y).
• Gross profit margin increased by 7.4% points Y/Y to 58.0%, from 50.6% in the same period of 2021.
• Total student enrollments in childhood & adolescent quality education business in the second quarter of 2022 reached 176,500, an increase of 25.9%, compared to 140,200 in the same period of 2021.
• Total number of learning centers in childhood & adolescent quality education decreased to 227 as of June 30, 2022, from 235 as of June 30, 2021.
• Based on the company's current estimates, total net revenues for the third quarter of 2022 are expected to be in the range of RMB620 million and RMB650 million, which represent an increase of 0.8% to 5.7% as compared to the net revenues in the third quarter of 2021.

For further details see: