QUANTASING GROUP LTD Stock Price, News & Analysis

QuantaSing Group (NASDAQ: QSG) reported its Q2 FY2025 financial results, showing mixed performance during its strategic transition. Revenue decreased to RMB726.6 million (US$99.6 million), down 25.9% year-over-year, while net income increased 17.8% to RMB126.8 million (US$17.4 million).

Key highlights include:

• Individual online learning services revenue declined 31.2% to RMB601.3 million
• Consumer business revenue grew 39% to RMB64.5 million
• Total registered users increased 24.2% to 139.6 million
• Cash position strengthened to RMB1,213.2 million

The company is executing a strategic shift from traffic-driven growth to high-quality growth, focusing on the silver economy market. QuantaSing also announced ongoing share repurchase program progress, with 1.7 million ADSs repurchased for US$3.6 million, and strategic investment in Letsvan, a PRC-based IP incubation company.

QuantaSing Group (NASDAQ: QSG), a lifestyle solution provider focused on adult well-being, has scheduled the release of its unaudited financial results for the second fiscal quarter ended December 31, 2024. The results will be announced before U.S. market opens on March 11, 2025.

The company will host an earnings conference call at 7:00 AM Eastern Time (7:00 PM Beijing Time) on the same day. Investors can access both the live and archived versions of the conference call through the company's investor relations website at ir.quantasing.com.

QuantaSing Group (NASDAQ: QSG) announced changes to its Board of Directors on January 21, 2025. Mr. Chenyang Wei resigned from his position as director for personal reasons, with no disagreements regarding company operations or policies. Mr. Shunyan Zhu was appointed as a new independent director and member of the Board's Audit Committee.

Mr. Zhu brings significant experience as the executive director and chairman of Alibaba Health Information Technology , where he served as CEO from March 2020 to November 2023. He is also an Alibaba Partnership partner and former President of Alibaba Group's Innovation Initiatives Segment.

Following these changes, the Board now comprises seven directors, including four directors and three independent directors, with the Audit Committee consisting of all three independent directors.

QuantaSing Group (NASDAQ: QSG) reported its Q1 FY2025 financial results, showing revenues of RMB810.4 million (US$115.5 million), a 6.8% year-over-year decrease. Net income reached RMB80.7 million (US$11.5 million), up from RMB66.7 million in Q1 FY2024. The company's strategic pivot towards the silver economy led to some revenue fluctuations, with individual online learning services revenue declining 6.2% YoY. Total registered users increased by 30.2% to 134.6 million, while paying learners grew 16.8% YoY. The company maintained a healthy net margin of 10.0% and strengthened its cash position to RMB1,193.7 million.

QuantaSing Group (NASDAQ: QSG) announced it will release its unaudited financial results for the quarter ended September 30, 2024, before U.S. market opens on November 27, 2024. The company will host an earnings conference call at 7:00 AM Eastern Time (8:00 PM Beijing Time) on the same day. A replay will be available through December 4, 2024, and a live and archived webcast can be accessed through the company's investor relations website.

QuantaSing Group (NASDAQ: QSG), a leading lifestyle solution provider, has announced a special dividend of US$0.067 per ordinary share (US$0.201 per ADS). The total dividend amount will be approximately US$11 million, funded from the company's surplus cash and share premium account. The dividend will be paid in U.S. dollars on or around November 7, 2024 for ordinary shareholders and November 15, 2024 for ADS holders, with a record date of October 30, 2024.

The Board of Directors will determine future distributions based on factors including the company's operations, earnings, GAAP and Non-GAAP net profits or losses, cash flows, and financial conditions. This decision reflects QuantaSing's commitment to returning value to shareholders while maintaining financial flexibility.

QuantaSing Group (NASDAQ: QSG), a leading lifestyle solution provider for adults, has filed its annual report on Form 20-F for the fiscal year ended June 30, 2024. The report was submitted to the Securities and Exchange Commission on August 29, 2024. Investors and shareholders can access the annual report on the SEC's website and the company's investor relations website. QuantaSing is offering to provide a hard copy of the annual report, which includes audited consolidated financial statements, free of charge to shareholders and ADS holders upon request. Interested parties can contact the company's Investor Relations Department at ir@quantasing.com to obtain a copy.

QuantaSing Group (NASDAQ: QSG) announced its unaudited financial results for Q4 and FY 2024, ending June 30, 2024. The company reported revenues of RMB1,000.1 million ($137.6 million) for Q4, up 20.7% YoY. Net income for Q4 was RMB196.6 million ($27.1 million), significantly higher than RMB52.7 million in Q4 FY 2023. For FY 2024, revenues were RMB3,795.3 million ($522.3 million), a 23.2% increase YoY. Net income for FY 2024 was RMB385.5 million ($53.1 million), compared to a net loss of RMB108.7 million in FY 2023.

Adjusted net income for Q4 was RMB193.6 million ($26.6 million), while for FY 2024, it was RMB423.3 million ($58.3 million). Total registered users reached 127.6 million, a 35.3% increase YoY, and paying learners increased by 22.5% YoY to 0.4 million. The company has a strong balance sheet with RMB1,026.3 million ($141.2 million) in cash and equivalents. The CEO emphasized the company’s strategic shift towards the silver economy and wellness products.

QuantaSing Group (NASDAQ: QSG), a leading lifestyle solution provider, has announced it will release its unaudited financial results for the fourth fiscal quarter and full fiscal year ended June 30, 2024, on August 28, 2024, before the U.S. market opens. The company will hold an earnings conference call at 07:00 A.M. Eastern Time (07:00 P.M. Beijing Time) on the same day to discuss the financial results.

Investors can access the call through various international toll-free numbers. A live and archived webcast of the conference call will also be available on the company's investor relations website. The earnings call replay will be accessible until September 4, 2024.