China Online Education Group (COE) Tops Q2 EPS by 14c, Revenues Beat
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China Online Education Group Announces Second Quarter 2020 Results
September 8, 2020 6:10 AM EDTSecond quarter net revenues increased by 40.0% year-over-yearSecond quarter GAAP/non-GAAP net margin were 6.6%/8.0% respectively
BEIJING, Sept. 8, 2020 /PRNewswire/ --Â 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 second quarter ended June 30, 2020.
Second Quarter 2020 Financial and Operating Highlights
Net revenues were RMB493.5 million (US$69.8 million), a 40.0% increase from RMB352.6 million for the second quarter of 2019. Gross margin... More