Tarena Int'l (TEDU) Reports Q4 Loss of $0.26, Revenues Beat
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Tarena International, Inc. Announces the Results for the Fourth Quarter and Fiscal Year of 2020
March 19, 2021 6:00 AM EDTBEIJING, March 19, 2021 /PRNewswire/ -- Tarena International, Inc. (NASDAQ: TEDU) ("Tarena" or the "Company"), a leading provider of professional education and K-12 education services in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020.
Fourth Quarter 2020 Highlights
Net revenues increased by 27.6% year-over-year to RMB650.3 million (US$99.7 million), from RMB509.6 million in the same period of 2019. Net revenue from adult education business, which represented 54.2% of the total net revenues, increased by 7.2% year-over-year to RMB352.4 million (US$54.0 million), from... More