17 Education & Technology Group (YQ) Revenue & Revenue Breakdown
17 Education & Technology Group Revenue Highlights
Latest Revenue (Y)
$170.96M
Latest Revenue (Q)
$25.50M
Main Segment (Y)
Online K Twelve Tutoring Services
17 Education & Technology Group Revenue by Period
17 Education & Technology Group Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $170.96M | -67.81% |
| 2022-12-31 | $531.06M | -75.69% |
| 2021-12-31 | $2.18B | 68.77% |
| 2020-12-31 | $1.29B | 218.62% |
| 2019-12-31 | $406.25M | 30.75% |
| 2018-12-31 | $310.71M | - |
17 Education & Technology Group generated $170.96M in revenue during NA 2023, up -67.81% compared to the previous quarter, and up 55.02% compared to the same period a year ago.
17 Education & Technology Group Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $25.50M | -46.14% |
| 2023-12-31 | $47.35M | 4.99% |
| 2023-09-30 | $45.10M | -34.87% |
| 2023-06-30 | $69.25M | 646.75% |
| 2023-03-31 | $9.27M | -76.56% |
| 2022-12-31 | $39.56M | -68.25% |
| 2022-09-30 | $124.57M | -6.68% |
| 2022-06-30 | $133.49M | -42.82% |
| 2022-03-31 | $233.45M | -56.97% |
| 2021-12-31 | $542.55M | 9.20% |
| 2021-09-30 | $496.83M | -25.94% |
| 2021-06-30 | $670.89M | 41.46% |
| 2021-03-31 | $474.25M | -2.58% |
| 2020-12-31 | $486.79M | 58.49% |
| 2020-09-30 | $307.13M | 13.16% |
| 2020-06-30 | $271.40M | 18.49% |
| 2020-03-31 | $229.05M | 19.11% |
| 2019-12-31 | $192.30M | - |
17 Education & Technology Group generated $25.50M in revenue during Q1 2024, up -46.14% compared to the previous quarter, and up 64.47% compared to the same period a year ago.
17 Education & Technology Group Revenue Breakdown
17 Education & Technology Group Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 21 | Dec 20 |
|---|---|---|
| Online K Twelve Tutoring Services | $2.13B | $1.22B |
| Other Services | $55.91M | - |
| Other Educational Services | - | $75.81M |
17 Education & Technology Group's latest annual revenue breakdown by segment (product or service), as of Dec 21: Online K Twelve Tutoring Services (97.44%), and Other Services (2.56%).
17 Education & Technology Group Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| EDU | New Oriental Education & Technology Group | $3.00B | $1.21B |
| GOTU | Gaotu Techedu | $2.96B | $946.88M |
| STG | Sunlands Technology Group | $2.16B | $523.24M |
| IH | iHuman | $1.02B | $250.45M |
| CHGG | Chegg | $716.29M | $163.15M |
| UTI | Universal Technical Institute | $607.41M | $177.46M |
| AACG | ATA Creativity Global | $221.62M | $48.13M |
| YQ | 17 Education & Technology Group | $170.96M | $25.50M |
| EEIQ | Elite Education Group | $5.71M | $2.29M |
YQ Revenue FAQ
What is 17 Education & Technology Group’s yearly revenue?
17 Education & Technology Group's yearly revenue for 2023 was $170.96M, representing a decrease of -67.81% compared to 2022. The company's yearly revenue for 2022 was $531.06M, representing a decrease of -75.69% compared to 2021. YQ's yearly revenue for 2021 was $2.18B, representing an increase of 68.77% compared to 2020.
What is 17 Education & Technology Group’s quarterly revenue?
17 Education & Technology Group's quarterly revenue for Q1 2024 was $25.5M, a -46.14% decrease from the previous quarter (Q4 2023), and a 175.00% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $47.35M, a 4.99% increase from the previous quarter (Q3 2023), and a 19.69% increase year-over-year (Q4 2022). YQ's quarterly revenue for Q3 2023 was $45.1M, a -34.87% decrease from the previous quarter (Q2 2023), and a -63.80% decrease year-over-year (Q3 2022).
What is 17 Education & Technology Group’s revenue growth rate?
17 Education & Technology Group's revenue growth rate for the last 3 years (2021-2023) was -92.17%, and for the last 5 years (2019-2023) was -57.92%.
What are 17 Education & Technology Group’s revenue streams?
17 Education & Technology Group's revenue streams in c 21 are Online K Twelve Tutoring Services, and Other Services. Online K Twelve Tutoring Services generated $2.13B in revenue, accounting 97.44% of the company's total revenue, up 74.68% year-over-year. Other Services generated $55.91M in revenue, accounting 2.56% of the company's total revenue
What is 17 Education & Technology Group’s main source of revenue?
For the fiscal year ending Dec 21, the largest source of revenue of 17 Education & Technology Group was Online K Twelve Tutoring Services. This segment made a revenue of $2.13B, representing 97.44% of the company's total revenue.