Quantasing Group Ltd. ADR (QSG) has released an update.
QuantaSing Group Ltd. ADR, a Chinese online learning service provider, reported solid financial growth in Q3 FY 2024 with a 17.1% year-over-year revenue increase to RMB945.6 million and a significant rise in net income to RMB14.6 million from a net loss in the previous year. The company’s user base also expanded, boasting a 40.3% jump in total registered users and a 48.4% increase in paying learners. These results reflect strong demand for their educational offerings, particularly among middle-aged and elderly users.
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