ATA Creativity Global Reports Q1 Growth Amid Losses

Ata Creativity Global (AACG) has released an update.

ATA Creativity Global, an international educational services provider, reported a 24.9% increase in student enrollment and a 13.7% rise in net revenues to RMB48.1 million for the first quarter of 2024, despite a net loss of RMB17.9 million due to higher sales expenses. The company saw a significant increase in credit hours delivered and remains focused on expanding its core portfolio training services, with a confident outlook for the fiscal year 2024.

For further insights into AACG stock, check out TipRanks’ Stock Analysis page.