ATA Creativity Global (AACG) has released an update.
ATA Creativity Global (ACG) reported a substantial increase in student enrollment and credit hours delivered, resulting in a 42.8% rise in net revenues for Q2 2024 compared to the prior year. Gross margin improved notably from 39.5% to 49.6%, with net losses narrowing as the company continues to expand its educational services. ACG is maintaining its full-year revenue guidance, anticipating a stronger performance in the second half of 2024.
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