China Online Education Group (COE) Reports Q4 Loss of $0.90

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Go back to China Online Education Group (COE) Reports Q4 Loss of $0.90

China Online Education Group Announces Fourth Quarter and Fiscal Year 2018 Results

March 15, 2019 5:15 AM EDT

BEIJING, March 15, 2019 /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 fourth quarter and fiscal year ended December 31, 2018.

Fourth Quarter 2018 Financial and Operating Highlights

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... More