China Online Education Group (COE) Reports In-Line Q1 EPS, Revenues Miss
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China Online Education Group Announces First Quarter 2021 Results
May 17, 2021 5:30 AM EDTBEIJING, May 17, 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 first quarter ended March 31, 2021.
First Quarter 2021 Financial and Operating Highlights
Net revenues were RMB600.4 million (US$91.6 million), a 23.3% increase from RMB487.1 million for the first quarter of 2020. Gross margin was 73.4%, compared with 70.4% for the first quarter of 2020. GAAP net income was RMB8.0 million (US$1.2 million), compared with... More