China Online Education Group (COE) Reports Q1 Loss of $0.90 on Revenues of $41.9M; Provides 2Q Outlook
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China Online Education Group Announces First Quarter 2018 Results
June 12, 2018 5:00 AM EDTFirst 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