China Online Education Group Announces Fourth Quarter and Fiscal Year 2018 Results
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China Online Education Group (COE) Reports Q4 Loss of $0.90
March 15, 2019 5:54 AM EDTChina Online Education Group (NYSE: COE) reported Q4 EPS of ($0.90). Revenue for the quarter came in at $43.4 million, versus $0 reported last year.
Net revenues were RMB298.1 million (US$43.4 million), a 14.4% increase from RMB260.6 million for the fourth quarter of 2017.Gross billings were RMB503.2 million (US$73.2 million), a 27.9% increase from RMB393.4 million for the fourth quarter of 2017.Gross billings for the K-12 mass-market one-on-one offering were RMB365.7 million (US$53.2 million), a 63.0% increase from RMB224.3 million for the fourth quarter of 2017.Gross margin was 62.5%, compared with 62.4% for the fourth quarter of... More