QuantaSing Group Limited (NASDAQ:QSG ) Q4 2025 Earnings Call September 17, 2025 7:00 AM EDT Company Participants Leah Guo - Associate Director of Investor Relations Peng Li - Founder, Chairman of the Board & CEO Dong Xie - CFO & Director Conference Call Participants Yijing Cai - Citigroup Inc., Research Division Liping Zhao - China International Capital Corporation Limited, Research Division Presentation Operator Good morning and good evening, ladies and gentlemen. Thank you for standing by, and welcome to the QuantaSing's Earnings Conference Call.
Initiate coverage on QuantaSing (QSG) with a bullish rating and $19 target, citing 107% upside potential driven by the Letsvan acquisition. Letsvan transforms QSG's growth, shifting from China's challenged education sector to the fast-growing, resilient pop toy market with global scalability. QSG trades at a significant valuation discount to peers like Pop Mart; we expect this gap to narrow as Letsvan's IP gains traction and visibility.
QuantaSing is transforming from financial education to a diversified Silver Economy and consumer goods player, highlighted by the Letsvan Pop Toys acquisition. Despite a double-miss in Q3 FY25, margins and user growth hit record highs as the company shifts to higher-margin, premium offerings and trims low-ROI segments. Letsvan's asset-light, IP-driven Pop Toys model shows strong early traction, with blockbuster launches and promising omnichannel expansion in China and SEA.
| Diversified Consumer Services Industry | Consumer Discretionary Sector | Peng Li CEO | XFRA Exchange | US74767N1072 ISIN |
| CN Country | 827 Employees | - Last Dividend | - Last Split | 25 Jan 2023 IPO Date |
QuantaSing Group Limited is a company based in Beijing, the People's Republic of China, that specializes in providing a wide range of online learning services aimed at adult learners. Since its foundation in 2019, the company has focused on delivering courses in various areas such as financial literacy, personal development, and digital skills through its online platform. QuantaSing Group Limited caters to the increasing demand for flexible, accessible education by offering its services across China, making it a notable player in the online education industry. Additionally, the company extends its expertise to enterprise customers, offering tailored marketing and enterprise talent management solutions.
QuantaSing Group Limited offers a diverse portfolio of online courses tailored to adult learners. These courses cover several key areas:
For enterprise customers, QuantaSing Group Limited provides comprehensive services that include marketing solutions and talent management. These services are tailored to help businesses improve their workforce capabilities and enhance their market presence.
The company operates under various brands, such as QiNiu, JiangZhen, and QianChi, offering specialized online and literacy courses. These brands allow QuantaSing Group Limited to cater to different market segments and learner needs, providing high-quality, niche content that addresses specific interests and requirements.