China Online Education Group Announces Fourth Quarter 2019 Results

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China Online Education Group (COE) Reports Q4 EPS of $0.03

March 9, 2020 5:55 AM EDT

China Online Education Group (NYSE: COE) reported Q4 EPS of $0.03. Revenue for the quarter came in at $57.2 million.

"We concluded 2019 with an outstanding fourth quarter marked with multiple financial and operational achievements," said Mr. Jack Jiajia Huang, Founder, Chairman and Chief Executive Officer of 51Talk. "On the financial side, net revenues exceeded the top end of our guidance by 2.0%. Even more notable, we achieved our very first quarterly consolidated break-even in our company history. As we continued to optimize execution on our... More