China's Sunlands Technology Q4 revenue falls 2.7%

Sunlands Technology

19/03/2026 08:11

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    Overview
  
    * China adult online education provider's Q4 revenue fell 2.7% yr/yr
    * Q4 net income declined from prior year as new enrollments dropped
    * Company expects Q1 2026 revenue to decline 9.8% to 13.9% yr/yr

    
    Outlook
  
    * Sunlands sees Q1 2026 net revenues between RMB420 mln and RMB440 mln
    * Company says Q1 outlook reflects current market conditions and customer demand uncertainty

    
    Result Drivers
  
    * LOWER ENROLLMENTS - New student enrollments fell to 114,058 from 172,200 a year ago, contributing to lower revenue and gross billings
    * COST REDUCTIONS - Cost of revenues and sales and marketing expenses declined, mainly due to lower compensation and reduced spending on learning materials and marketing
    * SHIFT TO QUALITY - Co said it became more selective in customer acquisition and focused on operational efficiency, per CEO Tongbo Liu

    
Company press release:  ID:nGNX91mKTH 
    
    Key Details
  
                              
                              
 Metric    Beat/Mi  Actual    Consensu
           ss                 s
                              Estimate
                              
                              
 Q4                 RMB        
 Revenue            470.2     
                    mln       
 Q4 Net             RMB 38.4   
 Income             mln       
 Q4 Gross           RMB        
 Billings           305.7     
                    mln       
 Q4 Gross           RMB        
 Profit             408.1     
                    mln       
 Q4                 RMB       
 Operatin           302.9     
 g                  mln       
 Expenses                     
    
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)