ATA Creativity Global reported net revenues of $9.5 million for the third quarter of 2025, remaining stable compared to the same period in 2024. Selling expenses decreased by 23.2% to $2.8 million due to lower sales headcount, while general and administrative expenses fell by 22.4% to $2.3 million, mainly from reduced professional fees and lower investment in new project development. Loss from operations was $1.5 million, an improvement from a $2.5 million loss in Q3 2024. Net income attributable to ATA Creativity Global was $0.3 million, compared to a net loss of $2.1 million in Q3 2024, primarily due to a one-time gain from a previous investment. The company reported a 7.1% increase in net revenues for the first nine months of 2025, driven by growth in research-based learning and overseas study counselling business lines, and introduced new and recurring research-based learning projects during the quarter.