Online English Education Platform 51Talk Reports Its Third Consecutive Quarterly Profit

prnewswire | September 16, 2020

Online Education Group ("51Talk" or the "Company") (NYSE:COE), China's leading online English education brand and the first online English education brand listed in the United States, released its second quarter 2020 financial results. In the second quarter, non-GAAP net income was RMB39.6 million, and GAAP net income was RMB32.8 million, amounting to the Company's third consecutive quarter of profitability and becoming China's only online English education brand to achieve it. 51Talk also continued to maintain a high gross margin of more than 70% and record high gross billings of RMB676.4 million. Operating cash flow was RMB172.1 million, a year-over-year increase of RMB72.9 million while net revenue was RMB493.5 million, a 40% increase year-over-year.

Spotlight

This brief video provides education leaders with an overview of the K-12 Digital Learning Revolution Program and offers valuable insights into how it can be leveraged to evolve your digital ecosystem for a better return on learning from your investments in educational technology.

Spotlight

This brief video provides education leaders with an overview of the K-12 Digital Learning Revolution Program and offers valuable insights into how it can be leveraged to evolve your digital ecosystem for a better return on learning from your investments in educational technology.

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prnewswire | October 15, 2020

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Beacon Education Announces Partnership with University of Arizona College of Law

Beacon Education | February 22, 2022

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ViewSonic Launches New Product Lines Notas Pen Display and WoodPad Paper for Distance Learning

prnewswire | October 27, 2020

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