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Stock impact report

China Online Education Group Announces Third Quarter 2018 Results

51Talk Online Education Group American depositary shares, each representing 60 Class A ordinary shares (COE) 
Last 51talk online education group american depositary shares, each representing 60 class a ordinary shares earnings: 5/22 05:00 am Check Earnings Report
US:NYSE Investor Relations: 51talk.investorroom.com
Company Research Source: PR Newswire
Net revenues increased by 28.4% year-over-yearGross billings[1] increased by 20.1% year-over-year BEIJING, Dec. 17, 2018 /PRNewswire/ -- China Online Education Group ("51Talk" or the "Company") (NYSE: COE), a leading online education platform in China, with core expertise in English education, today announced its unaudited financial results for the third quarter ended September 30, 2018.Third Quarter 2018 Financial and Operational Highlights Net revenues were RMB303.2 million (US$44.1 million), a 28.4% increase from RMB236.1 million for the third quarter of 2017. Gross billings were RMB424.5 million (US$61.8 million), a 20.1% increase from RMB353.4 million for the third quarter of 2017. Gross billings for the K-12  mass-market one-on-one offering were RMB331.9 million (US$48.3 million), a 65.9% increase from RMB200.1 million for the third quarter of 2017. Gross margin was 63.8%, compared with 61.8% for the third quarter of 2017. Percentage of gross billings contributed by K-12 studen Show less Read more
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