Tarena Int'l (TEDU) Reports Q1 Loss of $0.33/sh
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Tarena International, Inc. Announces the Results for the First Quarter of 2021
May 25, 2021 6:00 AM EDTBEIJING, May 25, 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 first quarter ended March 31, 2021.
First Quarter 2021 Highlights
Net revenues increased by 80.9% year-over-year to RMB533.8 million (US$81.5 million), from RMB295.0 million in the same period of 2020. Net revenue from adult education business, which represented 47.9% of the total net revenues, increased by 19.9% year-over-year to RMB255.5 million (US$39.0 million), from RMB213.1 million in... More