17 Education & Technology Group Q2 2024 Earnings Report

17 Education & Technology Group EPS Results

• Actual EPS: -$0.77
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

17 Education & Technology Group Revenue Results

• Actual Revenue: $9.29 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

17 Education & Technology Group Announcement Details

• Quarter: Q2 2024
• Date: 9/4/2024
• Time: After Market Closes
• Conference Call Date: N/A
• Conference Call Time: N/A

17 Education & Technology Group (NYSE:YQ) is a leading provider of K-12 after-school tutoring services in China, offering a comprehensive portfolio of online educational products designed to supplement classroom learning. The company delivers interactive live classes, adaptive homework exercises and personalized test‐preparation courses across core subjects such as mathematics, Chinese language, English, physics and chemistry. Its digital solutions aim to enhance student engagement, accelerate learning outcomes and provide real‐time performance feedback.

The firm’s flagship platforms include a live online classroom system that combines real‐time video streaming, multimedia teaching aids and AI-powered analytics to support one-to-many instruction. Complementing live lessons is a learning management platform that enables teachers to assign, monitor and correct homework, while delivering targeted practice exercises and progress reports to students. Beyond its direct-to-consumer offerings, 17 Education & Technology Group also provides enterprise software to schools and educational institutions, encompassing school-wide teaching management, student performance tracking and parent engagement tools.

Founded in 2012, the company has grown rapidly through multiple rounds of private investment before completing its initial public offering on the New York Stock Exchange in March 2019. Headquartered in Shanghai, it serves urban and suburban student populations across mainland China. Guided by a management team with extensive backgrounds in education technology and digital pedagogy, 17 Education & Technology Group continues to expand its product suite and invest in interactive learning innovations, data analytics capabilities and curriculum development to reinforce its position in the online tutoring sector.