China Online Education Group (COE) Reports Q3 Loss of $0.01
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China Online Education Group Announces Third Quarter 2019 Results
December 9, 2019 5:23 AM ESTBEIJING, Dec. 9, 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 third quarter ended September 30, 2019.
Third Quarter 2019Â Financial and Operating Highlights
Net revenues were RMB409.2 million (US$57.2 million), a 35.0% increase from RMB303.2 million for the third quarter of 2018. Gross billings[1] were RMB547.3 million (US$76.6 million), a 28.9% increase from RMB424.5 million for the third quarter of 2018. Gross margin was 71.7%, compared with 63.8%... More