51Talk Announces The First Profitable Year in Company History, Eyes Future Growth

51Talk Announces The First Profitable Year in Company History, Eyes Future Growth
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BEIJING, March 5, 2021 /PRNewswire/ -- 51Talk (China Online Education Group,NYSE: COE), China's leading online education platform and the first online English education brand listed in the United States, announced its unaudited financial results for the fourth quarter on March 5, 2021.
The company delivered solid results in the fourth quarter of 2020. 51Talk registered a non-GAAP net income of RMB38.6 million and its GAAP net income is RMB31.8 million, amounting to the company's fifth consecutive quarter of profitability. The company's fourth quarter net revenues maintained strong growth momentum and grew 34.7% year-over-year to reach RMB535.1 million.

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