QuantaSing Group Limited (NASDAQ:QSG) Q1 2025 Earnings Conference Call November 27, 2024 7:00 AM ET

Company Participants

Leah Guo - Investor Relations, Associate Director
Peng Li - Founder, Chairman and CEO
Tim Xie - CFO

Conference Call Participants

Michael Kim - Zacks Small-Cap Research
Steve Silver - Argus Research

Operator

Good morning, and good evening, ladies and gentlemen. Thank you for standing by and welcome to QuantaSing's Earnings Conference Call. At this time, all participants are in a listen-only mode. We will be hosting a question-and-answer session after management's prepared remarks. Please note that today's event is being recorded.

I would now like to turn the conference over to Ms. Leah Guo, Investor Relations Associate Director of the company. Please go ahead, ma'am.

Leah Guo

Thank you. Hello, everyone and welcome QuantaSing's earnings call for the first quarter of fiscal year 2025. With us today are Mr. Peng Li, our Founder, Chairman and CEO; and Mr. Tim Xie, our CFO. Mr. Li will provide a business overview for the quarter, then Tim will discuss the financials in more details.

Following their prepared remarks, Mr. Li and Tim will be available for the Q&A session. I will translate for Mr. Li. You can refer to our quarterly financial results on our IR website at ir.quantasing.com. You can also access a replay of this call on our IR website when it becomes available a few hours after its conclusion.

Before we continue, I would like to refer you to our safe harbor statement in our earnings press release, which also applies to this call as we will be making forward-looking statements. Please note that all numbers stated in the following management's prepared remarks are in RMB terms and we will discuss non-GAAP measures today, which are more thoroughly explained and reconciled to the most comparable measures reported in our earnings release and filings with the SEC.

I will now turn the call over to the CEO and founder of QuantaSing, Mr. Li.

Peng Li

Good morning, everyone. Thank you for joining us today for our first quarter fiscal year 2025 earnings call. Our journey over this past year has been purposeful and strategic. We are actively reshaping our company to serve China's rapidly growing silver economy. The numbers tells a compelling story, in Beijing alone we now have nearly 1 million people over 50, with that number growing by 0.3 million just last year. This is why our work is significant. We are shifting our focus from broad market reach to building lasting relationships with our silver economy customers. You can see this in our new food and medicine products, which we are successfully promoting to our existing online learning users by leveraging our integrations with them. We're also in the early stages of exploring offline service center opportunities to further enhance our user experience.