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

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

China Online Education Group Announces Fourth Quarter 2019 Results

March 9, 2020 5:42 AM EDT

BEIJING, March 9, 2020 /PRNewswire/ -- China Online Education Group ("51Talk" or the "Company") (NYSE: COE), a leading online education platform in China, with core expertise in English education, announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2019.

Fourth Quarter 2019 Financial and Operating Highlights

Net revenues were RMB397.9 million (US$57.2 million), a 33.5% increase from RMB298.1 million for the fourth quarter of 2018. Gross billings[1] were RMB582.3 million (US$83.6 million), a 15.7% increase from RMB503.2 million for the fourth quarter of 2018.... More