Welcome to our dedicated page for QUANTASING GROUP news (Ticker: QSG), a resource for investors and traders seeking the latest updates and insights on QUANTASING GROUP stock.
QuantaSing Group Ltd (QSG) delivers accessible online education services across China through innovative learning formats and technology-driven platforms. This news hub provides investors and industry observers with essential updates on the company's financial performance, strategic initiatives, and market developments.
Access official press releases and verified news covering quarterly results, partnership announcements, product launches, and operational milestones. Our curated collection enables efficient tracking of QSG's progress in adult education markets, including financial literacy programs and skill development initiatives.
Key updates include earnings reports, leadership changes, technological innovations in course delivery, and expansion within China's growing online education sector. All content is sourced from verified channels to ensure reliability for investment research and market analysis.
Bookmark this page for streamlined access to QSG's corporate communications and sector-specific developments. Check regularly for updates on the company's dual business segments: Learning Services and Consumer Business operations.
QuantaSing Group (NASDAQ: QSG) released its unaudited financial results for Q3 FY 2024, showing a 17.1% year-over-year revenue increase to RMB945.6 million (US$131.0 million). Gross billings for individual online learning services grew by 22.1% to RMB981.5 million (US$135.9 million). The company reported a net income of RMB14.6 million (US$2.0 million) versus a net loss of RMB22.7 million in the same quarter last year. Adjusted net income was RMB31.9 million (US$4.4 million), reflecting a 47.0% increase year-over-year. Total registered users rose by 40.3% to 121 million, and paying learners increased by 48.4% to 0.5 million. Despite revenue growth, costs also escalated with sales and marketing expenses rising by 15.6% and cost of revenues by 44.3%. Looking forward, the company expects Q4 FY 2024 revenues to range between RMB900.0 million and RMB930.0 million, representing an 8.7% to 12.3% year-over-year increase. QuantaSing also highlighted its recent international expansion and further investment in e-commerce and AI technology partnerships.
QuantaSing Group (NASDAQ: QSG), a prominent online learning service in China, announced significant changes to its board and management. On June 5, 2024, Mr. Jinshan Li resigned from his positions as a board director, effective immediately, and as chief technology officer, effective June 30, 2024, citing personal reasons unrelated to company disagreements. Mr. Li's contributions were acknowledged, with best wishes for his future. The remaining executive team includes CEO Peng Li, CFO Dong Xie, and Senior VP Xihao Liu. The restructured board comprises Peng Li, Frank Lin, Dong Xie, Xihao Liu, and independent directors Hongqiang Zhao, Pei Hua (Helen) Wong, and Chenyang Wei.
QuantaSing Group (NASDAQ: QSG), a prominent online learning service in China, will release its unaudited financial results for the third fiscal quarter ending March 31, 2024, on June 6, 2024, before U.S. market hours.
Management will host an earnings call at 07:00 A.M. Eastern Time (07:00 P.M. Beijing Time) on the same day to discuss the results.
Listeners can access the call using provided international and regional phone numbers, or through a live and archived webcast on the company's investor relations website.
The replay of the call will be available until June 13, 2024.
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