China Online Education Group (COE) Tops Q3 EPS by 12c

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Go back to China Online Education Group (COE) Tops Q3 EPS by 12c

China Online Education Group Announces Third Quarter 2020 Results

November 23, 2020 6:47 AM EST

BEIJING, Nov. 23, 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 third quarter ended September 30, 2020.

Third Quarter 2020 Financial and Operating Highlights

Net revenues were RMB538.5 million (US$79.3 million), a 31.8% increase from RMB408.7 million for the third quarter of 2019. Gross margin was 72.8%, compared with 71.6% for the third quarter of 2019. GAAP net income was RMB31.6 million, representing GAAP net... More