China Online Education Group (COE) Tops Q4 EPS by 12c, Revenues Beat
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China Online Education Group Announces Fourth Quarter 2020 Results
March 5, 2021 5:16 AM ESTBEIJING, March 5, 2021 /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, 2020.
Fourth Quarter 2020 Financial and Operating Highlights
Net revenues were RMB535.1 million (US$82.0 million), a 34.7% increase from RMB397.2 million for the fourth quarter of 2019. Gross margin was 72.7%, compared with 72.1% for the fourth quarter of 2019. GAAP net income was RMB31.8 million,... More