Sunlands Online Education (STG) Misses Q4 Revenue Estimates
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Sunlands Technology Group Announces Unaudited Fourth Quarter and Full Year 2018 Financial Results
March 22, 2019 6:30 AM EDT2018 full year net revenues increased by 103.5% year-over-year2018 full year gross billings (non-GAAP) increased by 35.0% year-over-year2018 full year new student enrollments[1] increased by 35.6% year-over-year
BEIJING, March 22, 2019 /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 fourth quarter and full year ended December 31, 2018.
Fourth Quarter 2018 Financial and Operational Highlights
Net revenues were RMB568.8 million (US$82.7 million), representing a 65.0% increase year-over-year. Gross billings (non-GAAP) were... More