Quantum Song (QSG.US) 2024 fiscal year Q2 revenue of 980.5 million yuan

On March 7th, Beijing time, Quantum Song (QSG.US) announced its unaudited financial performance for the second quarter of the 2024 fiscal year ending on December 31, 2023. The financial report shows that Quantum Song's operating income reached 980.5 million yuan, a year-on-year increase of 24.7%. Net profit was 107.6 million yuan, and adjusted profit was 103.9 million yuan, both surpassing one billion yuan for the first time. Among them, revenue from individual online learning services increased by 24.1% year-on-year, reaching 873.6 million yuan; revenue from other businesses increased by 493 times year-on-year, reaching approximately 49.3 million yuan. As of December 31, 2023, Quantum Song has a cumulative registered user base of 112.4 million. Founder and Chairman of Quantum Song Group, Li Peng, said, "Our strategic initiatives in expanding and enriching course content have been successful. We are always committed to meeting the learning needs of the general public and helping them improve their personal literacy. We also pay special attention to the increasing spiritual and cultural needs of the middle-aged and elderly population, and are dedicated to creating a fulfilling and meaningful life for them. In addition to continuously driving revenue growth and optimizing cost efficiency, we are actively seeking new initiatives to help expand our business and achieve business diversification."