17 Education & Technology Group Inc. provided earnings guidance for the second quarter of 2022. For the period, the company expects total net revenues to be between RMB 100 million and RMB 120 million. The estimated total net revenues for the second quarter of 2022 are derived entirely from the ongoing businesses after the Company's business transformation and, as mentioned above, do not include revenues from the legacy online K-12 tutoring services.

This estimated range represents a significant increase year-over-year when compared with the relatively small base of the net revenue generated from non-online K-12 tutoring services for the second quarter of 2021.