China Online Education Group (COE) Reports Q1 Loss of $0.90 on Revenues of $41.9M; Provides 2Q Outlook

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Go back to China Online Education Group (COE) Reports Q1 Loss of $0.90 on Revenues of $41.9M; Provides 2Q Outlook

China Online Education Group Announces First Quarter 2018 Results

June 12, 2018 5:00 AM EDT

First quarter net revenues increased by 64.6% year-over-year

First quarter gross billings[1] increased by 9.3% year-over-year

BEIJING, June 12, 2018 /PRNewswire/ -- China Online Education Group ("51Talk" or the "Company") (NYSE: COE), a leading online education platform in China, with core expertise in English education, today announced its unaudited financial results for the first quarter ended March 31, 2018.

First Quarter 2018 Financial and Operational Highlights

Net revenues were RMB262.6 million (US$41.9 million), a 64.6% increase... More